Asia-Pacific or APAC is the area generally regarded as encompassing littoral East Asia, Southeast Asia and Australasia near the Pacific Ocean, plus the states in the ocean itself (Oceania). The term Asia-Pacific became popular from the late 1980s as the economies within the heterogeneous region flourished due to increased regional capital flow, trade and other forms of economic and political interaction. The inclusion of Oceanian countries such as Australia and New Zealand is largely based upon the economic relationships between those countries and their East Asian trading partners to the north. The region may extend further to include major Asian countries, as well as those around the Pacific Rim, stretching from Oceania, up to Russia, and down the western coast of the Americas. The Asia-Pacific Economic Cooperation, for example, includes Canada, Chile, Russia, Mexico, Peru, and the United States, and is currently considering the admission of India.