ASEAN ASEAN Economics and Trade 3

Question 1

What is the ASEAN Economic Community (AEC) Blueprint 2025 focused on?

Accepted Answer

A highly integrated, innovative, and people-centered economy

Answer

AEC Blueprint 2025 envisions a highly integrated and cohesive, competitive, innovative, dynamic, inclusive, and people-oriented ASEAN economy.

Question 2

Which ASEAN body oversees economic integration and trade policy?

Accepted Answer

ASEAN Economic Ministers (AEM) Meeting

Answer

The ASEAN Economic Ministers Meeting is responsible for directing and coordinating economic integration efforts among member states.

Question 3

What does 'trade in goods' liberalization under the ASEAN Trade in Goods Agreement (ATIGA) aim to achieve?

Accepted Answer

Zero tariffs on substantially all goods among ASEAN members

Answer

ATIGA, which replaced CEPT-AFTA in 2010, targets zero tariffs on substantially all intra-ASEAN goods trade.

Question 4

Which ASEAN member is the world's top exporter of natural rubber?

Accepted Answer

Thailand

Answer

Thailand is consistently the world's leading exporter of natural rubber, a critical ASEAN export commodity.

Question 5

What is the primary goal of the ASEAN Comprehensive Investment Agreement (ACIA)?

Accepted Answer

Create a free and open investment regime among ASEAN members

Answer

ACIA, in force since 2012, aims to create a competitive and transparent investment environment to attract foreign and intra-ASEAN investment.

ASEAN - Association of Southeast Asian Nations Practice Test