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Question
ASEAN was created in ______.
Options
1965
1967
1972
1997
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Solution
ASEAN was created in 1967.
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- To establish a dispute settlement mechanism to resolve economic disputes.
- To create Free Trade Areas for investments, labour, and services.
The objectives behind the formation of ASEAN are as?
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- To promote regional peace and stability based on the rule of law and the principles of the United Nations charter.
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Read the following passage carefully and answer the question.
| ASEAN was and still remains principally an economic association. While the ASEAN region as a whole is a much smaller economy compared to the US the EU, and Japan, its economy is growing much faster than all these. This accounts for the growth in its influence both in the region and beyond. The objectives of the ASEAN Economic Community are to create a common market and production base within the ASEAN States and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN. |
How ASEAN Economic Community would resolve economic disputes?
Read the following passage carefully and answer the question.
| ASEAN was and still remains principally an economic association. While the ASEAN region as a whole is a much smaller economy compared to the US the EU, and Japan, its economy is growing much faster than all these. This accounts for the growth in its influence both in the region and beyond. The objectives of the ASEAN Economic Community are to create a common market and production base within the ASEAN States and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN. |
Which countries have already moved fast to negotiate FTAs with ASEAN?
Which among the following countries is one of India's largest trading partners among the SAARC countries?
