Question

Write the functions of the important trade organisations in Asia.

Answer 1

The important trade organization in Asia with their function is listed below.

• South Asian Association for Regional Cooperation (SAARC): Its function is to find satisfactory solutions to the problems faced by South Asian countries, to remove unrest, and increase social, living standards and regional cooperation.
• Association of South-East Asian Nations (ASEAN): Its function is to expand cultural & social harmony along with economic growth, promoting regional peace and tax waving.
• Asia-Pacific Economic Cooperation (APEC): Its function is to promote free trade and economic cooperation in the Asia-Pacific region. Promoting regional and technical cooperation.
• Brazil, Russia, India, China, and South Africa (BRICS): Its function is to make funds available for economic growth, and strengthening economic security.