INTERNATIONAL TRADE

CASE STUDY 1

1) Describe the term ASEAN

Association of
SouthEast Asian Nation

2) State THREE (3) objectives of

ASEAN
To accelerate the economic growth, social progress and
cultural development in the region through joint endeavours.
Promote cooperation in information to help build on ASEAN
identity.
Attract more foreign direct investment to ASEAN.

3) List FOUR (4) members of

ASEAN
i.

Thailand

ii.

Indonesia

iii.

Malaysia

iv.

Singapore

4) In your opinion, explain

FOUR (4) advantages member
countries may gain from the
ASEAN Regional Economic
Integration with Japan, China,
and South Korea.

Answers :
i.

Advance in technology

. Members countries can exchange technology from these 3

countries especially from industries technology like
automotive.
. For example, Malaysia can get help from Japan in
producing Malaysian cars engine like Proton

Answers :
ii.

Varieties of Goods and Services

. Consumers have wider selection of goods and services

. For example, instead Malaysian can only use one phone
brand like Nokia, they can get choose to buy other brand of
phones like Lg, Samsung that originate from South Korea.

Answers :
iii. Security of country
. By having relationship with this veto country like Japan,
China, our country will safe from other countries treats.
. For example, we can get help this country if anything
happen to our country such as, war, natural disaster (in
form of food supply or others).

Answers :
iv. Political cooperation
. A group of nation can have significantly greater political
influence.
. For example, China that have greater political and
economic influence through out the world will not be our
competitors and to others ASEAN member through the
agreement that have been done.

THANK YOU!!