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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.
ASEAN–India Free Trade Area (AIFTA), in effect as of 1 January 2010 [9] ASEAN–Japan Comprehensive Economic Partnership (AJCEP), in effect as of 1 December 2008 [10] ASEAN–Korea Free Trade Area (AKFTA), in effect as of 1 January 2010 [11] ASEAN–Australia–New Zealand Free Trade Area , in effect as of 1 January 2010 [12]
[244] [246] Work for further integration continued, and the ASEAN Plus Three, [247] consisting of ASEAN, China, Japan, and South Korea, was created in 1997. ASEAN Plus Three [247] is a forum that functions as a coordinator of co-operation between the ASEAN and the three East Asian nations of China, South Korea, and Japan.
ASEAN professes non-alignment as an organization, yet China is the largest trading partner for many ASEAN economies. Chinese companies see Southeast Asia as a key growth driver, as growth in China ...
Launched on March 24, 1994 in Davao City, [5] BIMP-EAGA was formed by Brunei Darussalam, Indonesia, Malaysia and the Philippines to generate balanced and inclusive growth. As a sub-region of the Association of Southeast Asian Nations, it aims to contribute to regional economic integration in the ASEAN Economic Community.
It generates 75 percent of South America's GDP and this makes MERCOSUR the fourth largest trade bloc in the world after the EU, NAFTA, and the Association of Southeast Asian Nations (ASEAN). [2] Since August 23, 2008, there exists another integration initiative, the Union of South American Nations (UNASUR). It includes all independent states of ...
The 10 members of ASEAN are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Timor-Leste and Papua New Guinea are “observer states.”
The ASEAN Security Committee (ASC) established a working group, chaired by ASEAN Deputy Secretary-General Mr. Mahadi Haji Wasli, to look into all issues on the potential membership of Cambodia and Laos. On 17 July 1996, the working group held consultations with the director-general of the ASEAN Department of Laos in Jakarta. [9]