What is ASEAN? ASEAN stands for the Association of Southeast Asian Nations‚ an organization that was founded on 8 August 1967 in Bangkok‚ Thailand. Its original charter counted five member-countries: Indonesia‚ Malaysia‚ the Philippines‚ Singapore‚ and Thailand. Since then‚ five other nations have joined: Brunei in 1984‚ Vietnam in 1995‚ Myanmar (Burma) and Laos in 1997‚ and Cambodia in 1999. The member-countries are sprawled over an area of 1.74 million square miles (4.5 million square kilometers)
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economical challenging times. So‚ Is free trade a way forward for that durable economic solution for the pacific nations and in particular our country Solomon Islands? It has known that the pacific island trade ministers are gearing up for what some termed it as a big year for trade negotiations in the pacific region. This year 2009 we’ll see our nation Solomon Islands will be among other pacific island countries to negotiate some major development in trade agreements in the pacific region. In
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roadmap for ASEAN Community by 2015 Introduction My name is P. I am a human resource development officer in the Department of Foreign Trade in Thailand. According to the Association of Southeast Asian Nations Community 2015 that Thailand is planning to attend in 2015‚ my responsibility is providing support in the various human resource functions‚ which include training and developing. The main purpose of this document is to provide the preparation for Thais on the roadmap of ASEAN Community 2015
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Overview of ASEAN-EU Dialogue Relations Introduction The ASEAN-European Union (EU) dialogue relations were formalised when the 10th ASEAN Foreign Ministers Meeting (AMM)‚ held on 5-8 July 1977‚ agreed on ASEAN’s formal cooperation and relationship with the European Economic Community (EEC)‚ which included the Council of Ministers of the EEC‚ the Permanent Representative of the EEC countries and the EEC Commission. The ASEAN-EU dialogue relations were institutionalised with the signing of the
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The promises of Free Trade and the effects of NAFTA in Mexico. By abc May 7th‚ 2013 Introduction to International Studies‚ Boston College Prof. Peter Krause Abstract: Developing countries are participating in bilateral and multilateral trade agreements in record numbers. Despite their eagerness to enter into the global market‚ fears remain that free trade with large industrialized nations will erode infant industrial sectors‚ hindering the process of economic development
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Title: A Discussion for Free Trade Introduction: Free trade is a policy that refers to a government does not interfere with international trade by applying tariffs‚ subsidies‚ quotas or other ways. It is a system that capital‚ labor and other resources flow freely between nations without barriers which could hinder the trade process‚ and also do goods‚ services. For a long time‚ free trade plays an important role during the process of the development of world economy‚ especially along with the rapid
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Many countries in the world are apart of free trade areas that have free trade agreements with other countries. What a free trade area? According to the World Book definition‚ a free trade area is‚ “an area in a country where goods can be imported without paying custom duties (import taxes). Foreign traders may store‚ exhibit‚ assemble‚ or process products in these zones before shipping them elsewhere for sale or use” (“World Book” 500). These free trade areas can differ from an entire city or territory
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essential‚ is free trade a necessity for aiding worldwide economic development? At least John F. Kennedy thought so‚ he being the initiator of removing tariffs and other limitations on U.S. imports. His hypothesis was that by doing that‚ other nations would follow America’s example and leadership. However‚ that never happened because the other nations were more concerned with their own problems. Even today‚ the United States continues to support free trade‚ an example being NAFTA (North America Free Trade
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FREE TRADE VS PROTECTIONISM The issue of Free Trade and Protectionism is one of the most important debates in International economy. According to free trade‚ they believe in opening the global market‚ with as few restrictions on trade as possible. On the other hand proponents of protectionism believe in concentrating on the welfare of the domestic economy by limiting the open-market policy. Both sides have strong view points‚ but it is important to analyze the benefits and disadvantages of free
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Free trade can be defined as the situation whereby governments impose no artificial barriers to trade that restrict the free exchange of goods and services between countries with the aim of protecting domestic producers from foreign competitors. The argument for free trade is based on the economic concept of comparative advantage. Comparative advantage is the economic principle that nations should specialize in the areas of production in which they have the lowest opportunity cost and trade with
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