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The ASEAN Free Trade Area: the search for a common prosperity
Author(s) -
Yuan Lee Tsao
Publication year - 1994
Publication title -
asian‐pacific economic literature
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.232
H-Index - 21
eISSN - 1467-8411
pISSN - 0818-9935
DOI - 10.1111/j.1467-8411.1994.tb00122.x
Subject(s) - summit , prosperity , milestone , politics , international trade , economic integration , international free trade agreement , free trade , task (project management) , political science , business , economics , geography , economic growth , management , archaeology , physical geography , law
During the 1992 ASEAN Summit Meeting, a historic decision was made to create an ASEAN Free Trade area over the next fifteen years. This was a milestone in economic co‐operation within ASEAN. Global political and economic developments as well as factors internal to ASEAN made this decision possible. The task of expeditious implementation of AFTA poses major challenges, but AFTA itself augurs well for regional competitiveness.