ASEAN is an international organization established in 1967 by the economies of Indonesia, Malaysia, the Philippines, Singapore, and Thailand to accelerate economic growth and social progress among its members.
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Economic Integration: The unification of economic policies between different states through the partial or full abolition of tariff and non-tariff restrictions on trade.
Regionalism: A political ideology that focuses on the interests of a particular region or group of regions within a state or on the interests of the region itself at international level.
Free Trade Area: A region where a group of countries has signed a free trade agreement, eliminating tariffs and import quotas between themselves.
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