Benefits of the Asean Economic Community (AEC) * It will open more regional cooperation and will improve the scale efficiencies‚ dynamism and competitiveness of Asean members. AEC will enable easier movement of goods‚ services‚ investment‚ capital and people. Ultimately‚ it will offer new ways of coordinating supply chains‚ or access to new markets for established products. * All Asean countries are more important to foreign investors if they are considered as one node in a larger regional
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Association of South East Asian Nations (ASEAN) was experiencing growing pains. The organization had changed vastly since its inception in 1967‚ when it served as a political bulwark against the Cold War superpowers in order to protect the independence of its founding member states—Indonesia‚ the Philippines‚ Singapore‚ Malaysia‚ and Thailand. By the 1990s‚ ASEAN’s primary mission was to be an engine for regional economic growth. And by the 2000s‚ ASEAN had embraced Brunei‚ Cambodia‚ Laos‚ Myanmar
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meaningfully deepened in the year 2003 when its members adopted the ambitious goal of forming an ASEAN Economic Community (AEC) by 2015. The event indicates how rapidly approaching the association is into a new milestone. During their annual ASEAN Summit Meeting in November 2007 held in Singapore‚ the blueprint for realizing an ASEAN Economic Community (AEC) by 2015 was adopted and signed by ASEAN Leaders. It is important to have an understanding of the varying stages of their economic development
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I. Introduction ASEAN which is the acronym for Association of Southeast Asian Nation‚ was established on 8 August‚ 1967 whose member states include: Brunei Darussalam‚ Cambodia‚ Indonesia‚ Lao PDR‚ Malaysia‚ Myanmar‚ Philippines‚ Singapore‚ Thailand and Viet Nam. The aim of ASEAN was to strengthen self-reliance and regional cohesion‚ while emphasizing social‚ cultural and economic cooperation and development. In order to achieve those objectives‚ ASEAN Community 2015 was established and comprised
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Opportunities for Travel Industry in ASEAN General Purpose: To inform Specific Purpose: To inform my audience about the some business opportunities for travel industry in ASEAN Central Idea: ASEAN will open up many business opportunities for travel industry including Cruise ship tourism‚ MICE tourism‚ and ecotourism. Introduction: Attention: Welcome. Chào mùng. Selamat Datang. Mabuhay. Sohm Swaakohm. Mingalaba. Yin Dee Tohn Hap. Sawaddee. Welcome everyone to ASEAN community. 900 million people
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Trade Agreement (NAFTA) The North American Free Trade Agreement is a free trade agreement among Canada‚ the United States of America‚ and Mexico‚ based on the model of the European Communities (today: European Union). NAFTA was signed separately by the leaders of the three countries‚ president Bill Clinton‚ president Carlos Salinas de Gortari and prime minister Brian Mulroney on December 17‚ 1992 and went into effect on January 1‚ 1994. The North American Free Trade Agreement (NAFTA)‚ which became
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History of ASEAN: ASEAN was originally formed out of an organization called the Association of Southeast Asia (ASA)‚ an alliance consisting of the Philippines‚ Malaysia‚ and Thailand that formed in 1961. As such‚ ASA is considered the predecessor to ASEAN. The Association of Southeast Asian Nations (ASEAN) is a political and economic organization of countries located in Southeast Asia. ASEAN was formed on August 8‚ 1967 by the Philippines‚ Malaysia‚ Thailand‚ Indonesia‚ Singapore‚ as a display
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the exploitation of Mexican workers. Despite NAFTA’s serious disadvantages‚ free trade agreements are essential to developing nations; therefore‚ NAFTA can be deemed a success. The establishment of NAFTA created an array of advantages and disadvantages‚ with each contributing to the overall success of the agreement. One of the disadvantages of NAFTA is that hundreds of thousands of U.S. jobs were
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Branca YES Yes South East Asia needs ASEAN because it helps to maintain the regional peace and stability by providing a platform for constructive discussion where there is a conflict of interest. For example‚ in the case of Singapore and Malaysia‚ there was the question of sovereign rights over Pedra Branca in 1979. Singapore claimed that Pedra Branca was terra nullius and so was never under the Johor Sultanate. Although the issue was not resolved at ASEAN level as it was resolved at the International
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The formation of ASEAN was mainly driven by the desire to improve on diplomatic relations between Southeast Asian nations so that they could focus more on nation building efforts. The 1960s was the decade of tumult‚ where Southeast Asian nations faced various external tensions and conflicts from one another. During then‚ it was of utmost importance for SEA nations to improve multilateral diplomatic relations so as to promote peace in the region. This peace would refer to ensuring political stability
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