Cryptocurrency Q&A
Is ASEAN a free trade area?
Is ASEAN a free trade area?
noah_wright_author
Sun Oct 13 2024
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5 answers
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ASEAN, or the Association of South East Asian Nations, established the ASEAN Free Trade Area (AFTA) in 1992, with the goal of promoting economic integration and cooperation among its members. AFTA officially started in 2002 and aims to reduce tariffs and eliminate non-tariff barriers, with a target of achieving an average tariff level of 0% to 5% by 2015 for all member countries.
5 answers
Tommaso
Tue Oct 15 2024
Another significant achievement is the East Asia Summit (EAS), which brings together leaders from ASEAN member states and its dialogue partners to address regional and global challenges. The EAS provides a venue for high-level discussions on political, economic, and security issues.
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SoulWhisper
Tue Oct 15 2024
The FTA in question holds a prominent position among the global landscape of free trade areas, renowned for its scale and significance. It serves as a cornerstone for fostering economic integration and fostering cross-border commerce.
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DigitalDragon
Tue Oct 15 2024
Furthermore, the Regional Comprehensive Economic Partnership (RCEP) is a notable accomplishment of this FTA's network. RCEP is a mega-regional free trade agreement that aims to establish a modern, comprehensive, high-quality, and mutually beneficial economic partnership framework among its participating countries.
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EthereumElite
Tue Oct 15 2024
Through its intricate network of dialogue partners, this FTA has played a pivotal role in catalyzing some of the most influential multilateral forums and blocs worldwide. These collaborations have been instrumental in shaping the global economic discourse and fostering cooperation among nations.
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Michele
Tue Oct 15 2024
Among the notable forums and blocs that have emerged from these partnerships is the Asia-Pacific Economic Cooperation (APEC). APEC serves as a premier platform for economies in the Asia-Pacific region to engage in economic cooperation, dialogue, and exchange of best practices.
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