Regional Trading Blocs : The Eu And Asean ( Association Of Southeast Asian Nations )

The European Union (EU) is a political economic union of 28 members. The founders are France, Belgium, Luxemburg, Italy, Netherlands, and Germany. The Maastricht treaty established the European Union in 1993. The EU aims to ensure the free movement of people, goods, services and capital and regional development. These 28 member states have successfully integrated because of their similar cultural lifestyles.

The EU was created after the Second World War to unite the neighboring countries of Europe. It was established by six European countries in 1951: France, Belgium, Luxembourg, Italy, Netherlands and West Germany (Briney, 2015). Today it consists of 28 countries united to create an economic and political community (Gov.uk, 2014).

The European Union consists of 28 member states and has a population of 503 million inhabitants, and a total surface area of over 4 million square miles. The EU has its own currency, the Euro, and the largest single market in the world. It is a global community and power and has a huge influence on our world today in many aspects, and has been slowly built up to what it is today through humanistic ideology , common interests, new structures, treaties, economic policy and the attempt of equality throughout.

This organisation was essentially consists of 5 countries, Indonesia, Malaysia, Philippine, Singapore and Thailand. The main roles for this organisation are to accelerate economic growth, social progress, protection of regional stability and peace and the opportunities for these countries to resolves issues peacefully. Australia has become the first of ten dialogue partners of ASEAN.

The European Union is an association of twenty-seven states, who coordinate their economic policy as well as other policy areas; in a governmental structure that has limited power over the governments of the member states. The union is a way states giving some of their sovereignty voluntarily. The European Union has a state-like structure but lacked the central authority of a real state.

After World War II, it was clear that Europe was in need of economic restructuring. The European Community (EC) originated in 1957 an d eventually became the European Union, now made up of 28 member states. (Gerber , 2014). The EU trade bloc allows free movement of goods,

United Nations has been formed, in the year of 2015. As a consequence to this alliance, it was

Hungary’s total gross domestic product (GDP) in terms of purchasing power parity (PPP) for 2014 was $241,596,139,577, equating to $24,498 per capita and ranking

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

The topic of free a free trade agreement with Asian countries is currently being debated on the floor of the United States Congress (“Trans-Pacific”). The trade is supposed to reduce the tariffs that each country pays on its exported products. Americans are being told the free trade add jobs, provide access to products otherwise not available at a lower cost, but none of this is true. The free trade agreement will give Asian manufacturers an absolute advantage over the American manufacture’s because their wages are very low. The agreement will result in part of the United States gross domestic product or GDP to be redistributed to these Asia countries providing them with the catalyst to Americanization. They will be able to go to

As GDP has more than tripled to 772 billion U.S. dollars in 2011 against 231 billion in 2002, GDP per capita has soared over the same period, from 3 500 to 10 444 U.S. dollars.

ASEAN (Association of Southeast Asian Nations), the most successful intergovernmental organization in the developing world today. It was preceded by an organization called the Association of Southeast Asia (ASA), which is founded by the Philippines, Thailand and the Federation of Malaya (now part of Malaysia) on July 31, 1961.ASA was replaced by ASEAN later on. According ASEAN’s report, ASEAN was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand（ASEAN，n.d.）. ASEAN achieved a new cohesion in the mid-1970s in Southeast Asia after the end of the Vietnam

The Gross Domestic Product (GDP) average in Romania was 84.94 USD billion from 1987-2014 and reached its maximum point in 2008 at 204.34 USD Billion( Tradingeconomics.com,2015).

During the period of cold war, neutrality was seen as the best approach for Cambodia to

The purpose of this report is to analyze opportunity and challenges for the association of Southeast Asia Nation (ASEAN) to promote trade and economic integration in the region.