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Regional Development and Regional Blocks

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Regional Development and Regional Blocks
Regional Development and regional blocks

1. Development of Regional blocks, goals and institutions

ASEAN
The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967 in Bangkok, Thailand
ASEAN Declaration Founding Fathers of ASEAN (5 countries)

Today – 10 Member States

NAFTA
The North American market increased, create a free trade, elimination of tariff barriers
North American free Trade Agreement (NAFTA)was formed on 1 January 1994 Richest market in the world – Canada, United States, Mexico

MERCOSUR
Countries common values of economic development, the fight against poverty, sustainable development and so on An economic and political agreement (Southern Common Market) was formed on 26 March 1991 5 South American countries

Goals comparison
Common

• to reduce barriers to trade in its region; • to increase cooperation between Member States; • free trade; • raise the living standards;

ASEAN
• to promote

NAFTA • to promote trade and economic development;

MERCOSUR • to promote the smooth goods, people and currency movements;

Southeast Asian studies; • to provide assistance to each other research areas;

Different

Main institutions
ASEAN
• ASEAN Summit;

NAFTA

MERCOSUR • Common Market Council; • Common Market Group; • Administrative office; • Work Subgroups; •Joint Parliamentary Committee; • Trade Commission;

• Free Trade • Coordinating Council; Commission • Community Councils; • NAFTA Working • Sectoral Ministerial Groups and Bodies; Committees; • Committee of • Secretariat; Permanent • Commission for Representatives; Labor Cooperation; • National • Commission for Secretariats; Environmental • Committees Abroad; cooperation;

2. Participating countries (importance, economics)

ASEAN members
• ASEAN is a geo – political and economic organization of ten countries located in Southeast Asia which was formed by Indonesia,Malaysia the Philippienes, Singapore and Thailand; • Leaders are
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