Podcast
Questions and Answers
What was the primary goal of the ASEAN Free Trade Area (AFTA) when it was established in 1992?
What was the primary goal of the ASEAN Free Trade Area (AFTA) when it was established in 1992?
- To increase intra-ASEAN trade and investments (correct)
- To completely eliminate tariffs on all products
- To focus solely on attracting foreign investment
- To forfeit control of areas to foreign investors
Which of the following sectors have significant emphasis in the intra-ASEAN trade promoted by AFTA?
Which of the following sectors have significant emphasis in the intra-ASEAN trade promoted by AFTA?
- Healthcare and pharmaceuticals
- Electronics and automotive products (correct)
- Construction and real estate
- Aerospace and military equipment
What was the tarif situation in the the ASEAN zone in 2021 as a result of AFTA's efforts?
What was the tarif situation in the the ASEAN zone in 2021 as a result of AFTA's efforts?
- Negligible, effectively zero (correct)
- More than ten percent
- Around seven percent
- Significantly increasing compared to 1996
Which regional economic agreement extends the economic area of the ASEAN nations beyond their own geographic borders?
Which regional economic agreement extends the economic area of the ASEAN nations beyond their own geographic borders?
What was the estimated total amount of potential tourism and trade losses in the ASEAN region due to the pandemic?
What was the estimated total amount of potential tourism and trade losses in the ASEAN region due to the pandemic?
Which of the following is NOT a security concern highlighted in the ASEAN region according to the text?
Which of the following is NOT a security concern highlighted in the ASEAN region according to the text?
What is the main goal of a regional economic association?
What is the main goal of a regional economic association?
Which trade theory supports agreements promoting freer trade within regions?
Which trade theory supports agreements promoting freer trade within regions?
When was the North American Free Trade Agreement (NAFTA) implemented?
When was the North American Free Trade Agreement (NAFTA) implemented?
Which major country was NOT a part of the North American Free Trade Agreement (NAFTA)?
Which major country was NOT a part of the North American Free Trade Agreement (NAFTA)?
What is the main goal of the Association of Southeast Asian Nations (ASEAN)?
What is the main goal of the Association of Southeast Asian Nations (ASEAN)?
What was the purpose of phasing out tariffs between NAFTA countries over several years?
What was the purpose of phasing out tariffs between NAFTA countries over several years?
When was the Association of Southeast Asian Nations (ASEAN) officially formed?
When was the Association of Southeast Asian Nations (ASEAN) officially formed?
Which U.S. Administration signed the North American Free Trade Agreement (NAFTA) into law?
Which U.S. Administration signed the North American Free Trade Agreement (NAFTA) into law?
What was the original purpose of ASEAN when it was formed?
What was the original purpose of ASEAN when it was formed?
What is the role of ASEAN in relation to Asia-Pacific Economic Cooperation (APEC)?
What is the role of ASEAN in relation to Asia-Pacific Economic Cooperation (APEC)?
Which of the following countries was NOT among the initial five members of ASEAN?
Which of the following countries was NOT among the initial five members of ASEAN?
What type of cooperation do member states engage in under the Caribbean Single Market and Economy (CSME)?
What type of cooperation do member states engage in under the Caribbean Single Market and Economy (CSME)?
