ASEAN Free Trade Area Quiz

When was the ASEAN Free Trade Area (AFTA) officially established?

• 1990

• 1992

• 1995

• 2000

Which agreement laid the foundation for the establishment of AFTA?

• The ASEAN Charter

• The Bali Concord

• The Bangkok Declaration

• The Common Effective Preferential Tariff (CEPT) Agreement

The main goal of AFTA is to:

• Create a political union within Southeast Asia

• Enhance regional security cooperation

• Increase trade by reducing tariff barriers among ASEAN members

• Establish a common ASEAN currency

Which of the following is one of the benefits of AFTA for ASEAN member countries?

• The ability to set their own trade policies with non-ASEAN countries

• Reduction of tariffs and non-tariff barriers in trade among ASEAN members

• Creation of a regional military alliance

• A unified currency system across all member states

What is the ASEAN Economic Community (AEC)?

• A military cooperation organization within ASEAN

• A mechanism to promote peace and security in Southeast Asia

• A goal to create a single market and production base for ASEAN member states

• A cultural exchange program among ASEAN countries

When was the ASEAN Economic Community (AEC) officially launched?

• 2010

• 2015

• 2020

• 2023

Which of the following is NOT a key component of the ASEAN Economic Community (AEC)?

• Free flow of goods, services, and investment

• Free movement of skilled labor

• A common defense policy

• Enhanced economic integration and cooperation

Which of the following best describes the purpose of the ASEAN Free Trade Area (AFTA) in relation to the AEC?

• AFTA aims to eliminate all tariffs, while AEC focuses on enhancing cultural exchanges.

• AFTA is a part of the AEC, which includes broader economic integration beyond just trade.

• AFTA focuses solely on defense cooperation, while AEC addresses economic integration.

• AFTA and AEC are unrelated; they focus on completely different issues.

Which of the following is a significant step for the AEC in fostering regional integration?

• Increasing military cooperation

• Creating a single currency for all ASEAN member states

• Harmonizing rules and regulations to promote investment and trade

• Restricting imports from non-ASEAN countries

What is one of the primary goals of the ASEAN Economic Community (AEC)?

• To prevent foreign investment in the region

• To create a unified political structure in Southeast Asia

• To turn ASEAN into a single market and production base

• To reduce the cultural differences between ASEAN member states