Regional Development and Regional Blocks

1884 Words May 16th, 2013 8 Pages
Regional Development and regional blocks

1. Development of Regional blocks, goals and institutions

ASEAN
The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967 in Bangkok, Thailand
ASEAN Declaration Founding Fathers of ASEAN (5 countries)

Today – 10 Member States

NAFTA
The North American market increased, create a free trade, elimination of tariff barriers
North American free Trade Agreement (NAFTA)was formed on 1 January 1994 Richest market in the world – Canada, United States, Mexico

MERCOSUR
Countries common values of economic development, the fight against poverty, sustainable development and so on An economic and political agreement (Southern Common Market) was formed on 26 March
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Approval of applications shall require the unanimous decision of the States Parties”

3. Cooperation with other countries

ASEAN and Australia
• ASEAN 's first Dialogue Partner in 1974 • Longstanding and deep relationship • Joint Declaration on the ASEAN-Australia Comprehensive Partnership • AANZFTA (2009) – ASEAN, Australia, New Zeland • Two-way trade with ASEAN - 14.5 % of Australia 's total trade. (2011)
Exports
• • • • Crude petroleum Gold Wheat Copper

Imports
• Refined petroleum • Crude petroleum • Good vehicles • Gold

• ASEAN-Australia summit (2010) – discussed new funding and support for ASEAN by Australia:
– «Australia is investing A$132 million in infrastructure connectivity related initiatives in the Greater Mekong Subregion, in cooperation with the World Bank and the Asian Development Bank – Australia will contribute A$10 million over four years to the Tripartite Action to Protect Migrants within and from the Greater Mekong Subregion from Labour Exploitation (TRIANGLE) initiative in cooperation with the International Labour Organisation – Supported by Australian funding, the Australian Human Rights Commission will build linkages with the ASEAN Intergovernmental Human Rights Commission.»

• Australia is a leading provider of
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