Introduction:
The Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organization comprising 10 member states in Southeast Asia. These member states have signed various agreements throughout the years for economic, political, and social cooperation. In this article, we will take a closer look at the different ASEAN agreements entered by the ASEAN member states.
1. ASEAN Free Trade Area (AFTA)
The ASEAN Free Trade Area (AFTA) is a trade agreement signed in 1992, aimed at creating a free trade zone among ASEAN member states. AFTA aims to eliminate tariffs on goods traded between ASEAN member states, reduce non-tariff barriers, and increase economic cooperation between the member countries.
2. ASEAN Investment Area (AIA)
The ASEAN Investment Area (AIA) is an agreement aimed at promoting investment among the member states. The agreement provides for the liberalization and protection of investments within the region, with the goal of creating an environment conducive to the growth of businesses and improving the overall economic performance of the region.
3. ASEAN Framework Agreement on Services (AFAS)
The ASEAN Framework Agreement on Services (AFAS) is an agreement aimed at liberalizing trade in services among ASEAN member states. The agreement provides for the removal of restrictions on the supply of services, allowing for the free flow of services within the region.
4. ASEAN Economic Community (AEC)
The ASEAN Economic Community (AEC) is a community of ASEAN member states with a goal to create a single market and production base among the member countries. The AEC aims to create a competitive and highly integrated economic region, allowing for the free flow of goods, services, investments, and skilled labor.
5. ASEAN Regional Forum (ARF)
The ASEAN Regional Forum (ARF) is a forum for member states to discuss political and security issues in the region. The forum consists of 27 member states and meets annually to discuss issues related to security, non-proliferation, and confidence-building measures.
Conclusion:
The ASEAN agreements entered by the ASEAN member states aim to promote cooperation and integration in the region. These agreements pave the way for increased trade, investment, and economic growth, while also promoting political and security stability in the region. As Southeast Asia continues to strive for further development and integration, ASEAN agreements will remain critical to achieving these goals.