After its accession to the Asia-Pacific Economic Cooperation forum (APEC) in 1989, Brunei hosted the APEC Economic Leaders' Meeting in November 2000 and the ASEAN Regional Forum (ARF) in July 2002. Brunei became a founding member of the World Trade Organization (WTO) on 1 January 1995, and is a major player in BIMP-EAGA, which was formed during the Inaugural Ministers' Meeting in Davao, Philippines, on 24 March 1994.