ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Association of Southeast Asian Nations (ASEAN) was formed in 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand to promote political and economic cooperation and regional stability.

Detailed explanation-2: -The AFTA agreement was signed on 28 January 1992 in Singapore. The 6 members who signed the agreement were Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand. The agreement was designated to eliminate tariff barriers among the signatories and create a regional market of 500 million people.

Detailed explanation-3: -Advanced search. The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN: Indonesia, Malaysia, Philippines, Singapore and Thailand.

Detailed explanation-4: -ASEAN was founded on 8 August 1967 with five members: Indonesia, Malaysia, the Philippines, Singapore, and Thailand. It is headquartered in Jakarta.

Detailed explanation-5: -The Regional Comprehensive Economic Partnership (RCEP) is a comprehensive free trade agreement being negotiated between the 10 ASEAN Member States and ASEAN’s free trade agreement (FTA) partners viz. Australia, China, India, Japan, Korea and New Zealand.