Regional Development and Regional Blocks - 1884 Words

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†¦show more content†¦Approval of applications shall require the unanimous decision of the States Parties† 3. Cooperation with other countries ASEAN and Australia †¢ ASEAN s first Dialogue Partner in 1974 †¢ Longstanding and deep relationship †¢ Joint Declaration on the ASEAN-Australia Comprehensive Partnership †¢ AANZFTA (2009) – ASEAN, Australia, New Zeland †¢ Two-way trade with ASEAN - 14.5 % of Australia s total trade. (2011) Exports †¢ †¢ †¢ †¢ Crude petroleum Gold Wheat Copper Imports †¢ Refined petroleum †¢ Crude petroleum †¢ Good vehicles †¢ Gold †¢ ASEAN-Australia summit (2010) – discussed new funding and support for ASEAN by Australia: –  «Australia is investing A$132 million in infrastructure connectivity related initiatives in the Greater Mekong Subregion, in cooperation with the World Bank and the Asian Development Bank – Australia will contribute A$10 million over four years to the Tripartite Action to Protect Migrants within and from the Greater Mekong Subregion from Labour Exploitation (TRIANGLE) initiative in cooperation with the International Labour Organisation – Supported by Australian funding, the Australian Human Rights Commission will build linkages with the ASEAN Intergovernmental Human Rights Commission. » †¢ Australia is a leading provider ofShow MoreRelatedWhat Does The Study of Regional Economy Teach Us?1436 Words   |  6 PagesWhat does the study of regional science help us understand? 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