Asia: Political Economic Institutions, Agreements, Free Trade Areas

Contents: (Business in Asia)

Summary

More information about: Asian Development Bank (ADB), Association of Southeast Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC), Economic and Social Commission for Asia and the Pacific (ESCAP) and Economic Cooperation Organization.

SOUTH ASIAN ASSOCIATION FOR REGIONAL COOPERATION SAARC
The South Asian Association for Regional Cooperation (SAARC) was established when its Charter was formally adopted on 8 December 1985 by the Heads of State or Government of Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The Association provides a platform for the peoples of South Asia to work together in a spirit of friendship, trust and understanding. It aims to promote the welfare of the peoples of South Asia and to improve their quality of life through accelerated economic growth, social progress and cultural development in the region.

The Brunei Darussalam Indonesia Malaysia the Philippines -East Asean Growth Area. Asia's largest economic growth area constitutes Brunei Darussalam; the Indonesia provinces of Kalimantan, Sulawesi, Maluku, and Irian Jaya; Sabah, Sarawak and the Federal Territory Labuan in Malaysia; and Mindanao and Pahlawan in the Philippines.

The Shanghai Cooperation Organization (SCO) is a permanent intergovernmental international organization creation of which was proclaimed on 15 June 2001 in Shanghai (China) by the Republic of Kazakhstan, the People’s Republic of China, the Kyrgyz Republic, the Russian Federation, the Republic of Tajikistan and the Republic of Uzbekistan. Its prototype is the Shanghai Five mechanism.

The Mekong River Commission (MRC) was formed on 5 April 1995 by an agreement between the governments of Cambodia, Lao PDR, Thailand and Viet Nam.

Asian Clearing Union (ACU) is the simplest form of payment arrangements whereby the members settle payments for intra-regional transactions among the participating central banks on a multilateral basis.

The Oceania Customs Organization (OCO) brings together twenty-three Customs administrations of Oceania (Australasia, Melanesia, Micronesia and Polynesia).

Economic Cooperation Organization (ECO) is an intergovernmental regional organization established for the purpose of promoting economic, technical and cultural cooperation among the Members.

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Master in Asia business

Asia, Political, Economic, Institutions, Agreements, Free Trade Areas, Asian Development Bank, ADB, Association of Southeast, Asian Nations, ASEAN, APEC, Economic Cooperation, Organization, Master, International Business