ASEAN International Trade Case Study 1

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Earth in Yellow Flower

INTERNATIONAL TRADECASE STUDY 11) Describe the term ASEANAssociation of SouthEast Asian Nation

2) State THREE (3) objectives of ASEANTo accelerate the economic growth, social progress and cultural development in the region through joint endeavours.Promote cooperation in information to help build on ASEAN identity.Attract more foreign direct investment to ASEAN.

3) List FOUR (4) members of ASEANThailand IndonesiaMalaysia Singapore

4) In your opinion, explain FOUR (4) advantages member countries may gain from the ASEAN Regional Economic Integration with Japan, China, and South Korea.

Answers :Advance in technologyMembers countries can exchange technology from these 3 countries especially from industries technology like automotive.For example, Malaysia can get help from Japan in producing Malaysian cars engine like Proton

Answers :Varieties of Goods and ServicesConsumers have wider selection of goods and servicesFor example, instead Malaysian can only use one phone brand like Nokia, they can get choose to buy other brand of phones like Lg, Samsung that originate from South Korea.

Answers :Security of country By having relationship with this veto country like Japan, China, our country will safe from other countries treats.For example, we can get help this country if anything happen to our country such as, war, natural disaster (in form of food supply or others).

Answers :Political cooperationA group of nation can have significantly greater political influence.For example, China that have greater political and economic influence through out the world will not be our competitors and to others ASEAN member through the agreement that have been done.

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