Midterm Examination - TM 417C

An intergovernmental forum established in 1989 for Pacific-rim economies that works to reduce trade barriers; facilitate the exchange of goods, services, resources, and technical know-how; and strengthen economic/technical cooperation among members.

• WTO

• WCO

• ASEAN

• APEC

This was adopted by APEC to provide a framework for meeting the Bogor Goals through trade/investment liberalization, business facilitation, and sectoral activities, underpinned by policy dialogues and economic & technical cooperation.

• Bogor Declaration of Common Resolve

• Osaka Action Agenda

• Manila Action Plan for APEC (MAPA)

• Vancouver Framework

Are APEC members legally bound to tariff commitments under Individual Action Plans (IAPs)?

• Yes; legally binding with sanctions

• Yes; enforceable via WTO dispute settlement

• No; commitments are unilateral, voluntary, and best endeavor

• No; APEC forbids members from making tariff commitments

What is the ASEAN motto?

• ASEAN as a Single Market: Diversity and Entrepreneurship

• Our People, Our Future Together

• One Vision, One Identity, One Community

• Moving Forward in Unity to a Peaceful and Prosperous Community

Which among the following acts as the Depositary to the RCEP agreement?

• The RCEP Joint Committee

• The RCEP Committee on Business Environment

• The RCEP Secretariat

• The ASEAN Secretary-General

This agreement involves many participants but is limited only to participants in a specific geographical area or region.

• Multilateral Trade Agreement

• Regional Trade Agreement

• Bilateral Trade Agreement

• None of the above

All are the founding fathers of ASEAN, except for:

• ED

• KH

• MY

• TH

It is where heads of government of each Member State meet to discuss and resolve regional issues, as well as to conduct other meetings with other countries outside of the region with the intention of promoting external relations.

• ASEAN Meeting

• ASEAN Charter

• ASEAN Summit

• ASEAN Declaration

It embodies universal principles of peaceful coexistence and friendly cooperation among States in Southeast Asia. It is a legally-binding code for inter-state relations in the region and beyond.

• Treaty of Peace of AMS

• Treaty of Amity and Discipline

• Treaty of Amity and Cooperation

• Treaty of Peace and Solidarity

It serves as a foundation in achieving the ASEAN Economic Community by providing legal status and institutional framework for ASEAN.

• ASEAN EC Blueprint

• ASEAN Chapter

• ASEAN Charter

• ASEAN Harmonized System