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Australia has a strong interest in the regional development of the Southeast Asian region, due to geographic proximity and socioeconomic interactions. Over 15 per cent of Australia's total trade involves countries within ASEAN, totalling over $100 billion in value in 2014. This number reached $224 billion in 2016. [2]
The ASEAN Free Trade Area (AFTA) [1] is a trade bloc agreement by the Association of Southeast Asian Nations supporting local trade and manufacturing in all ASEAN countries, and facilitating economic integration with regional and international allies. [2][3][4] It stands as one of the largest and most important free trade areas (FTA) in the ...
The Regional Comprehensive Economic Partnership (RCEP / ˈɑːrsɛp / AR-sep) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. [2] The 15 member countries account for about 30% ...
www.eria.org. The Economic Research Institute for ASEAN and East Asia or ERIA is an international organization established in Jakarta, Indonesia in 2008 by a formal agreement among Leaders of 16 countries in the East Asian region to conduct research activities and make policy recommendations for further economic integration in the East Asia.
Australia and Indonesia are both members of the ASEAN-Australia-New Zealand Free Trade Area, signed in February 2009. [3] Both countries have concluded negotiations on Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), intended to build upon existing agreements.
The final report in 2002 of the East Asian Study Group, established by the ASEAN Plus Three countries, was based on an EAS involving ASEAN Plus Three, therefore not involving Australia, New Zealand, or India. [3] The EAS as proposed was to be an ASEAN-led development, with the summit to be linked to ASEAN summit meetings. However, the issue was ...
The United States and ASEAN concluded the U.S.-ASEAN Trade and Investment Arrangement (TIFA) in 2006 and since then have been working to build U.S.-ASEAN trade and investment ties as well as promote ASEAN regional economic integration. The United States intensified its work under the TIFA in 2009, presenting ASEAN senior officials a number of ...
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) is one of the five regional commissions under the jurisdiction of the United Nations Economic and Social Council. [1] It was established in order to increase economic activity in Asia and the Far East, as well as to foster economic relations between the region ...