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Question
The 'ASEAN Way'
Options
Reflects the lifestyle of ASEAN members.
A form of interaction among ASEAN members that is informal and cooperative.
The defence policy followed by the ASEAN members.
The road that connects all the ASEAN members.
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Solution
A form of interaction among ASEAN members that is informal and cooperative.
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- Territorial disputes should not escalate into armed confrontations.
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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?
- Territorial disputes should not escalate into armed confrontations.
- To accelerate economic growth through social progress and cultural development.
- To promote regional peace and stability based on the rule of law and the principles of the United Nations charter.
- To establish a Dispute Settlement Mechanism to 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. |
What is the objective of the ASEAN Economic Community?
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?
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Explain the meaning of ‘ASEAN Way’?
