By Rodolfo C. Severino
Considering that its founding in 1967, the organization of Southeast Asian international locations has been an more and more huge a part of the lifetime of Southeast Asia, even though most folk within the quarter comprehend little or no approximately it. ASEAN has helped deliver peace and balance to the zone. It has effectively engaged the world's significant powers, in East Asia and past. ASEAN has taken steps to combine the nearby economic climate as a tremendous technique of cooperatively bettering the region's competitiveness, attracting investments, producing jobs, elevating earning, and decreasing charges and costs. ASEAN has additionally shaped networks for facing local difficulties like communicable ailments, environmental degradation, and transnational crime. a necessary a part of the Southeast Asia heritage sequence, this ebook seeks to shed a few mild on what ASEAN is all approximately.
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Extra info for ASEAN
The ASEAN Ministerial Meeting on Transnational Crime and its senior-ofﬁcials counterpart have since then become regular ASEAN forums encompassing such bodies as the ASEAN Senior Ofﬁcials on Drugs and ofﬁcials 34 ASEAN dealing with immigration, certain aspects of customs, consular matters, and domestic security. The ASEAN Senior Ofﬁcials on Drugs is one of the oldest ASEAN platforms for regional cooperation in dealing with regional problems. It focuses on prevention and rehabilitation, education and public awareness, and law enforcement.
They keep the regional economy and the national economies under scrutiny in frequent review and surveillance sessions The ASEAN swap arrangement has been enlarged to US$2 billion, with all ten ASEAN member-countries participating in it. The network of bilateral currency swap and repurchase arrangements among the ASEAN Plus Three countries has expanded to 16 arrangements and a total value of about US$80 billion. The network is being multilateralized, that is, a swap is to be activated through collective decision, and the earmarked currencies are to be pooled.
Goods cannot be marketed freely within a regional market unless they are subject to the same standards and speciﬁcations. In 1997, ASEAN designated 20 products for standardization, mostly electronic and electrical equipment. Two years later, it adopted common safety standards for such equipment. ASEAN concluded a framework agreement on mutual recognition arrangements under which products traded within ASEAN do not have to undergo tests or other conformity assessments in both the importing and the exporting countries.
ASEAN by Rodolfo C. Severino