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The document provides information about ASEAN (Association of Southeast Asian Nations) as follows:
1) ASEAN was founded on August 8, 1967 when the foreign ministers of Indonesia, Malaysia, Philippines, Singapore and Thailand signed an agreement in Bangkok, Thailand to accelerate economic growth and social/cultural development through regional cooperation.
2) ASEAN now has 10 member countries and aims to promote regional peace, stability, trade and economic development through mutual cooperation and respect for sovereignty.
3) Over the years ASEAN has established various free trade agreements to liberalize trade and investment between member states and other countries.
The document provides information about ASEAN (Association of Southeast Asian Nations) as follows:
1) ASEAN was founded on August 8, 1967 when the foreign ministers of Indonesia, Malaysia, Philippines, Singapore and Thailand signed an agreement in Bangkok, Thailand to accelerate economic growth and social/cultural development through regional cooperation.
2) ASEAN now has 10 member countries and aims to promote regional peace, stability, trade and economic development through mutual cooperation and respect for sovereignty.
3) Over the years ASEAN has established various free trade agreements to liberalize trade and investment between member states and other countries.
The document provides information about ASEAN (Association of Southeast Asian Nations) as follows:
1) ASEAN was founded on August 8, 1967 when the foreign ministers of Indonesia, Malaysia, Philippines, Singapore and Thailand signed an agreement in Bangkok, Thailand to accelerate economic growth and social/cultural development through regional cooperation.
2) ASEAN now has 10 member countries and aims to promote regional peace, stability, trade and economic development through mutual cooperation and respect for sovereignty.
3) Over the years ASEAN has established various free trade agreements to liberalize trade and investment between member states and other countries.
The Foreign Ministers of Indonesia, Malaysia, Philippines, Singapore and Thailand sat down together in the main hall of the Department of Foreign Affairs building in Bangkok, Thailand and signed a document. By virtue of that document, the Association of Southeast Asian Nations (ASEAN) was born. AIMS AND PURPOSES To accelerate the economic growth, social progress and cultural development in the region through joint endeavors in the spirit of equality and partnership in order to strengthen the foundation for a prosperous and peaceful community of Southeast Asian Nations. To promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries of the region and adherence to the principles of the United Nations Charter; To promote active collaboration and mutual assistance on matters of common interest in the economic, social, cultural, technical, scientific and administrative fields; To provide assistance to each other in the form of training and research facilities in the educational, professional, technical and administrative spheres; To collaborate more effectively for the greater utilization of their agriculture and industries, the expansion of their trade, including the study of the problems of international commodity trade, the improvement of their transportation and communications facilities and the raising of the living standards of their peoples; To promote Southeast Asia studies; and To maintain close and beneficial cooperation with existing international and regional organizations with similar aims and purposes, and explore all avenues for even closer cooperation among themselves. The five Foreign Ministers who signed it
Adam Malik of Indonesia
Narciso R. Ramos of the Philippines Tun Abdul Razak of Malaysia S. Rajaratnam of Singapore Thanat Khoman of Thailand would subsequently be hailed as the Founding Fathers of probably the most successful inter- governmental organization in the developing world today. And the document that they signed would be known as the ASEAN Declaration. ASEAN is a regional grouping that promotes economic, political and security cooperation among its ten members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. In 1976, the members signed the Treaty of Amity and Cooperation, emphasizing ASEAN's promotion of peace, friendship, and cooperation to build solidarity. The ASEAN Emblem represents a stable, peaceful, united and dynamic ASEAN. The colors of the Emblem blue, red, white and yellow represent the main colors of the state crests in the ASEAN Member States. The blue represents peace and stability. Red depicts courage and dynamism, white shows purity and yellow symbolizes prosperity. The stalks of padi in the center of the Emblem represent the dream of ASEAN’s founding father comprising all the countries in Southeast Asia, bound together in friendship and solidarity. The circle represents the unity of ASEAN. Developmental programs first undertaken by ASEAN include projects to: increase food production promote tourism ease travel restrictions and enhance cooperation in the field of mass media through exchanges of radio and television programs. Plans were also put in place to liberalize trade among members in a bid to improve intraregional trade. Today, ASEAN is considered one of the most successful intergovernmental organizations in the developing world. Since its founding, the grouping has expanded to include other Southeast Asian states – Brunei (1984), Vietnam (1995), Laos (1997), Myanmar (1997) and Cambodia (1999). Fundamental Principles In their relations with one another, the ASEAN Member States have adopted the following fundamental principles, as contained in the Treaty of Amity and Cooperation in Southeast Asia (TAC) of 1976: Mutual respect for the independence, sovereignty, equality, territorial integrity, and national identity of all nations; The right of every State to lead its national existence free from external interference, subversion or coercion; Non-interference in the internal affairs of one another; Settlement of differences or disputes by peaceful manner; Renunciation of the threat or use of force; and Effective cooperation among themselves. ASEAN CHARTER What is ASEAN charter? • Legal document that create an institutional framework for cooperation within the region and towards the formation of the ASEAN community. • Provides legal status and institutional framework for ASEAN. It also codifies ASEAN norms, rules and values; sets clear targets for ASEAN; and presents accountability and compliance. • Establishes rules-basis sytems and structures to conduct ASEAN affairs. • Signed by the goverments of 10 ASEAN member state on November 20, 2007 and entered into force on 15 December 2008. What is the ASEAN Economic Community ? • The Association of Southest Asian Nations (ASEAN) Economic Community or AEC. The end goal of economic integration as espoused in the ASEAN VERSION 2020, Which i based on a convergence of interests of ASEAN Member States (AMSs) to deepen and broaden ecomonic integration through existing and new initiatives with clear timelines. THE ASEAN FREE TRADE AREA WHAT IS THE ASEAN FREE TRADE AREA Trade agreement to remove obstacle to free trade among ASEAN member state through abolition of trarrifs of traded goods and scrapping of quantitative restriction and other non-tariff barriers that limit the entry of imports. COMMON EFFECTIVE REFERENTIAL TARIFFS (CEPT) AS SCHEME Main implementing mechanism of AFTA. This means that AMS shall have common effective tariffs among themselves in AFTA but the level of tariffs vis-a-vis non-ASEAN country shall continue to be determine the individually. ASEAN TRADE IN GOODS AGREEMENT Improvement over the CEPT-AFTA scheme. Its consolidates the ASEAN’s existing initiatives, obligations and commitments made with to both trade in goods(tariffs) and non-tariffs elements among others into one comprehensive agreement. OBJECTIVES OF ATIGA • To achieve free flow of goods in ASEAN as one of the principal means establish a single market and production base for the differ economic intergration of the regions towards realization of the ASEAN economic community by 2015. ASEAN-Australia-New Zealand Free Trade Area A trade agreement among the ten AMS of the Association of Southeast Asian Nation. The agreement was signed on February 27,2009 and entered into force on January 1, 2010. The AANFTA is a comprehensive single undertaking free trade area, covering trade in goods, trade in services, and investment.
What is the objective of AANFTA?
The objective of AANFTA is deeper economic integration between the two regions through (i) progerssive liberalization and facilitationof trade in goods, trade in service, investments and (ii) trade and investment facilitation and economic cooperation measures. ASEAN-CHINA FREE TRADE AREA The Framework Agreement on Comprehensive Economic Cooperation between ASEAN and China covering trade in goods, trade in services, investment and other measurrs to develop new areas of economic cooperation was signed on November 29, 2002.
What are the objectives of ACFTA?
• Strengthen and enhance economic, trade and investment co- operation between the parties • Progresively liberalize and promote trade in goods and services as well as create transparent, liberal and facilitative investment regime ASEAN-INDIA FREE TRADE AREA The Framework Agreement on Comprehensive Economic Cooperation Between the ASEAN India, which was signed on October 8, 2003 supports the establishment of an FTA by: year 2013 for Brunei, Indonisia, Singapore, Thailand, and India with flexibility on sensititive serctors and commodities. The Agreement on Trade in Good under the AIFTA entered into force on January 1, 2010 and implemented on May 17, 2011. ASEAN JAPAN COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT • The Asean-Japan Comprehensive Economic Partnership Agreement (AJCEPA) between the 10 member state of the Association of Southeast Asian Nations (ASEAN) and japan covers chapters on Traade in Goods (TIG) Sanitary and Phytosanitary Measures Technical Barriers to Trade, Trade in Service, Trade in Investment nad Economic Cooperation and Trade Facilities. • The Agreement provides for the establishment of a FreeTrade Area (FTA) between ASEAN and Japan over a period of ten (10) years taking into account the outcomes of progress of ther ASEAN integration process. • The Philippines signed and ratified the agreeement on april 02, 2008 and December 24, 2008 respectively. What are the Objective of the Agreement AJCEPA ? • Strengthen econimic integration between ASEAN and JAPAN though the creation of a CEP • Enhance the competitiveness of ASEAN and JAPAN in the world market though strengthened partnership and linkages. • Progressively liberalize and facilitate trade in goods and services as well as create a tranparent and liberal investment regime. • Explore new areas and develop appropriate measures for further co- operation and economic integeratio. • Facilitate the more effective economic integration of the newer AMSs and bridge the development gap among AMSs ASEAN KOREA FREE TRADE AREA The ASEAN KOREA FREE TRADE AREA (AKFTA) is a trade agreement between the ten (10) member State of the Association of Southeast Asian Nations (ASEAN) and Korea. The framework Agreement on Comprehensive Economic Cooperation Between the ASEAN and KOREA was signed on Decmeber 12, 2005 in Kuala Lumpur, Malaysia. The Agreement on Trade in Goods reflecting the Parties commitment on goods was signed on August 24, 2006 in Kuala Lumpur, Malaysia. The AKFTA covers economic cooperation projects on selected Areas, effective trade and investment facilitation measures, and procedures and mechanisms for these measures effcetive implementation. What are the Objectives of the AKFTA ? • Strengthen and enchance economic. Trade and investment cooperation among the parties. • Progressively liberalize and promote trade in goods and services as well as create a transparent, liberal and facilitative investment regime. • Explore new areas and develop appropriate measures for closer econimic cooperation and integration. • Facilitate the more effective economic integration of the new ASEAN member countries and bridge the development gap among the parties. • Establish a cooperation framework for further strengethening the economic relations among the parties.