As a copy editor, it is important to have an understanding of SEO and the impact it can have on an article`s success. This understanding can be applied to any topic, including the complex world of international agreements and economics.
In this article, we will explore the economic agreements within the Association of Southeast Asian Nations (ASEAN) and identify the non-ASEAN agreement that falls outside of this pillar. ASEAN has become a significant economic force in the world, with ten member states and a combined GDP of over $2.8 trillion. The ASEAN Economic Community (AEC) was established in 2015 to encourage the free flow of goods, services, and investment within the region.
Within this framework, ASEAN has signed several agreements to promote economic integration and cooperation. These agreements fall under the economic pillar and cover a range of areas including trade, investment, and financial cooperation. Some of the significant agreements include the ASEAN Free Trade Area, the ASEAN-China Free Trade Area, and the ASEAN-Australia-New Zealand Free Trade Area.
However, there is one agreement that does not fall under the economic pillar of ASEAN. The agreement is the Treaty of Amity and Cooperation in Southeast Asia (TAC). The TAC was signed in 1976 and serves as a framework for peaceful and friendly relations among ASEAN member states and other countries. While the treaty does have provisions related to economic cooperation, it is primarily focused on political and security matters.
The TAC is significant because it has been signed by several countries outside of the ASEAN region, including the United States, Japan, and South Korea. These countries are known as “TAC partners” and have committed to promoting peace, stability, and cooperation in Southeast Asia.
In conclusion, the ASEAN Economic Community has been successful in promoting economic integration and cooperation within the region. Several agreements have been signed under the economic pillar to support these efforts. However, the Treaty of Amity and Cooperation in Southeast Asia falls outside of this pillar and is primarily focused on political and security matters. As a professional, it is important to understand the nuances of international agreements and their impact on the global economy.
