Advantages And Objectives Of ASEAN

The global financial crisis has affected severely on Vietnamese exports. After joining the WTO, Vietnam’s trade has become depend on global

The Association of Southeast Asia Nations (ASEAN) is a regional organization within the SCS that could peacefully moderate the territorial disputes.

Australia and Thailand have longstanding and deep connections. These two countries cooperate in a broad range of areas of mutual interest, which mainly includes trade and investment, law enforcement, counter-terrorism, education, security, migration and tourism. The bilateral relationship is supported by mutual membership of international and regional organisations. The steady relationship between these two countries facilitated a dramatic increase of two-way trade and investment over the last decades.

Asia’s politics: Asian politics is diverse and keeps changing. Many political systems could be found in Asia which include democracies, constitutional monarchies, communist regimes and military based authoritarian governments. 1 b. Asia’s major imports and exports: The list below shows Asia’s most imported

The Association of Southeast Asian Nations (ASEAN): is a regional economic integration bloc that includes 10 countries located in Southeast Asia. The ASEAN represents 620 million people.

China is now the third largest market for Indonesia’s product exports behind United States and Japan. The largest import of China from Indonesia is the coal, crude palm oil (CPO), and natural rubber. Most of the Indonesia commodities export to China is the input of China manufacturing activities. In addition, since the ASEAN China Free Trade Agreement (ACFTA) has been signed, there is an increasing trade integration between ASEAN countries and China (Chandra & Lontoh 2011).

Northeast Asia itself. It is a region with its own characteristics, traits, and drivers a region where four of the globe’s major powers converge and where six very different governments intersect, all with different expectations, different perceptions of security needs, and different capacities—and although there are valuable lessons to be learned, simply borrowing institutional templates and processes from other regions and other experiences will likely lead to functional or sustainable solutions in a Northeast Asian context. One of the key insights that emerged from the discussions was a sense that the mechanism best equipped to take on board the particular dynamics of the region and develop capable multilateral security

Globalization has become one of the most influential forces in the twentieth century. International integration of world views, products, trade and ideas has caused a variety of states to blur the lines of their borders and be open to an international perspective. The merger of the Europeans Union, the ASEAN group in the Pacific and NAFTA in North America is reflective of the notion of globalized trade. The North American Free Trade Agreement was the largest free trade zone in the world at its conception and set an example for the future of liberalized trade. The North American Free Trade Agreement is coming into it's twentieth anniversary on January 1st, 2014. 1 NAFTA not only sought to enhance the trade of goods and services across

However, they feel threatened by China’s island building. All ASEAN countries have expanded their naval and air arms to safeguard their maritime interests. Retracting land is not an option as it is believed to show weakness in power and cost them domestically.

In EU there are many common factors such as democracy, human rights, they have a common enemy, all the EU countries external security is guaranteed from US, converging economic interests and strong political will. However, in South Asia, all these factors are absent. Therefore, not any factor can be taken as an example to South Asia. Some of the most important examples which can be used in South Asia include:

Lessons from Preah Vihear: Thailand, Cambodia, and the Nature of Low-Intensity Border Conflicts, in: Journal of Current Southeast Asian Affairs, 30, 3, 27-59

Beeson, M. (2014). Regionalism and globalisation in East Asia: politics, security and economic development, 2nd edition. Basingstoke: Palgrave Macmillan

Furthermore, the import of Laos will increase dramatically because, in the past Laos is the first customer of Thai export but the market will change due to Lao people will start to import from China more and more because a cheaper price and good quality and facilitated by the modern technology of faster and easier transportation. Laos depends heavily on Thai manufactured products and we can say that Thailand will lose Lao as its first importer like before such as from the beginning of this decades Laos has enjoyed the imports from Thailand around 40-48% (Chris Devonshire-Ellis, 2015). At the same time the import from China is approximately 20-25% (Chris Devonshire-Ellis, 2015), but the import from China will replace from Thailand very soon when the operation of the modern transportation started.

This study was conducted to (a) determine which market is the most dynamic for Thai exports, (b) measure the intensity of trade between Thailand and its regional trading partners and (c) test whether the modified Revealed Comparative Advantage (RCA) index, which was developed based on the gravity trade model, is applicable for measuring Thailand’s competitiveness resulting from its border trade policy. The RCA index is typically applied based on three conceptual points. First, the trade balance index (TBI) can be used to indicate whether GMS countries are net exporters or importers. Second, the trade balance is typically decomposed by product and country (i.e., bilateral trade balance). Relevance refers to the degree of concentration of trade imbalances

ASEAN was officially founded in August 1967 when five founding member states jointly signed the Bangkok declaration. Since then ASEAN experienced number of threats, such as security threat in cold war, economic and financial threat in 1997 East Asia Economic crisis, and now being in the security dilemma between the United States and the People’s Republic of China, prominent major powers attempting to dominate the region, despite all the threat, ASEAN set its goal to become a community in December 2015 which has lot of potential to contribute to the world stage but it also has countless number of challenges, mainly caused by its diversities, nationalism and lack of