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Question
Write the functions of the important trade organisations in Asia.
Answer in Brief
Solution
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.
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