Question

Read the following passage carefully and answer the question.

ASEAN was and still remains principally an economic association. While the ASEAN region as a whole is a much smaller economy compared to the US the EU, and Japan, its economy is growing much faster than all these. This accounts for the growth in its influence both in the region and beyond. The objectives of the ASEAN Economic Community are to create a common market and production base within the ASEAN States and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN.

Which countries have already moved fast to negotiate FTAs with ASEAN?

पर्याय

• US and China

• Afghanistan and Pakistan

• Nepal and Tibet

• Russia and Brazil

Answer 1

US and China

Explanation:

The United States and China have already moved quickly to negotiate FTAs with ASEAN. With its Vision 2020, ASEAN is rapidly expanding into areas of the regional organization.