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ASEAN & Regional Economic Cooperation

Quiz by Ng Geok Peng

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15 questions
Show answers
  • Q1
    What was one of the primary purposes of the Bangkok Declaration?
    To impose trade sanctions on member states
    To restrict educational exchanges among member nations
    To establish military alliances within the region
    To promote active collaboration and mutual assistance in economic, social, cultural, technical, scientific, and administrative fields.
    30s
  • Q2
    Which phase of regional economic cooperation began with AFTA?
    Phase 4 (2000 and beyond)
    Phase 3 (1992 - 2000)
    Phase 2 (1976 - 1992)
    Phase 1 (1967 - 1976)
    30s
  • Q3
    What was one consequence of the Preferential Trading Arrangements (PTAs) introduced in 1977?
    Immediate elimination of tariffs among all member states
    Significant increase in intra-ASEAN trade
    Limited effectiveness in expanding intra-ASEAN trade due to significant resistance to liberalizing trade policies.
    Complete cooperation in all economic fields
    30s
  • Q4
    Which ASEAN initiative aimed to facilitate the flow of services trade and allow transnational investment?
    ASEAN Free Trade Area (AFTA)
    ASEAN Framework on Services (AFAS)
    ASEAN Industrial Cooperation
    ASEAN Investment Area (AIA)
    30s
  • Q5
    What was a major goal of the ASEAN Free Trade Area (AFTA) established in 1992?
    To lower intra-ASEAN tariffs and promote economic growth among member states.
    To completely eliminate all trade barriers with external countries
    To prioritize agricultural exports above all else
    To establish a common currency for ASEAN countries
    30s
  • Q6
    What major economic shift occurred in ASEAN countries during the 1980s?
    Increased focus on agriculture over manufacturing
    Abandonment of import substitution industries (ISI) in favor of export-oriented industrialization (EOI).
    Adoption of a common currency
    Complete isolation from global markets
    30s
  • Q7
    Which mechanism was established in 2000 for addressing short-term liquidity difficulties in the ASEAN region?
    ASEAN Surveillance Process
    ASEAN Free Trade Area
    ASEAN Swap Arrangement under the Chiang Mai Initiative
    ASEAN Industrial Cooperation Scheme
    30s
  • Q8
    What was the intended impact of the common effective preferential tariff (CEPT) under AFTA?
    To promote tariffs only on agricultural products
    To eliminate all tariffs for non-ASEAN countries
    To restrict trade to specific member states
    To ensure that once a product is accepted under CEPT, all countries must give it a preferential tariff.
    30s
  • Q9
    What was a significant factor that hindered ASEAN economic cooperation prior to 1975?
    Individual ASEAN leaders were hesitant to commit fully to economic cooperation.
    The leaders wanted to form military alliances instead.
    There were too many economic resources available.
    ASEAN was focused on environmental issues.
    30s
  • Q10
    Which member of ASEAN first proposed the idea of significant economic cooperation at a Foreign Ministers' Meeting?
    Filipino PM
    Indonesian PM
    Malaysian PM Tun Razak
    Thai PM
    30s
  • Q11
    What was the purpose of the ASEAN Industrial Complementation Scheme (AIC)?
    To develop large-scale industrial projects located in one ASEAN country while allowing free trade among members.
    To regulate agricultural production among member states.
    To create a banking system for intra-ASEAN trade.
    To standardize tariffs across all ASEAN countries.
    30s
  • Q12
    What economic framework was established in 1995 to improve service sectors within ASEAN?
    ASEAN Common Market (ACM)
    ASEAN Free Trade Agreement (AFTA)
    ASEAN Investment Protocol (AIP)
    ASEAN Framework on Services (AFAS)
    30s
  • Q13
    What was the purpose of Preferential Trading Arrangements (PTAs)?
    To restrict trade with non-ASEAN countries.
    To offer negotiated tariff preferences on goods produced within ASEAN countries.
    To create a common market.
    To eliminate all tariffs between member countries.
    30s
  • Q14
    What significant outcome was achieved by ASEAN-6 regarding the CEPT by 2002?
    They increased tariffs across the board.
    They implemented stricter trade barriers.
    They achieved their CEPT goals with a significant reduction in average tariff rates.
    They failed to reach any common goals.
    30s
  • Q15
    What was a significant challenge faced by ASEAN Industrial Projects?
    Inability to agree on the location of projects.
    Strong competition from non-ASEAN manufacturers.
    Lack of funding from external sources.
    Political disagreements among member states.
    30s

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