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Questions and Answers
Which of the following countries is not a founding member of ASEAN?
Which of the following countries is not a founding member of ASEAN?
- Vietnam (correct)
- Indonesia
- Malaysia
- Philippines
What is the ASEAN Free Trade Area (AFTA)?
What is the ASEAN Free Trade Area (AFTA)?
- A trade agreement between ASEAN and China
- A regional organization that aims to promote social progress
- A program to promote cultural development in the region
- A free trade agreement between ASEAN member states (correct)
What is the ASEAN Economic Community (AEC)?
What is the ASEAN Economic Community (AEC)?
- A program to provide free education to ASEAN citizens
- A regional organization that aims to promote tourism in the region
- A single market and production base in the region (correct)
- A program to promote peace and stability in the region
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Study Notes
ASEAN Fundamentals
- East Timor is not a founding member of ASEAN.
ASEAN Free Trade Area (AFTA)
- AFTA is a trade agreement aimed at reducing tariffs and non-tariff barriers to increase trade and investment among ASEAN member states.
- The ultimate goal of AFTA is to create a single market and production base in the ASEAN region.
ASEAN Economic Community (AEC)
- The AEC is a regional economic integration aiming to create a single market and production base, increasing competitiveness, and promoting economic growth and development.
- The AEC envisions a highly integrated and cohesive economy, with a free movement of goods, services, investment, and skilled labor, as well as a freer flow of capital.
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