ASEAN and SAFTA Trade Concepts

The video tutorial discusses regional trade blocs, focusing on ASEAN and SAFTA. It explains the concept of a trade bloc, highlighting ASEAN's formation, member countries, headquarters, and key commodities. The tutorial then covers SAFTA, its member countries, headquarters, and the year of establishment. Key points include the distinction between ASEAN and SAFTA, their respective member countries, and the significance of trade agreements in promoting free trade among member nations.

What is the primary purpose of a regional trade bloc?

• To form a political union

• To restrict trade between member countries

• To increase tariffs between member countries

• To eliminate trade restrictions between member countries

What does ASEAN stand for?

• Association of South Asian Nations

• Alliance of Southeast Asian Nations

• Association of Southeast Asian Nations

• Association of South American Nations

How many countries are members of ASEAN?

• 9

• 11

• 8

• 10

Which of the following countries is not part of the ASEAN?

• Vietnam

• Myanmar

• Laos

• India

Where is the headquarters of ASEAN located?

• Bangkok, Thailand

• Jakarta, Indonesia

• Hanoi, Vietnam

• Kuala Lumpur, Malaysia

What is a major commodity exported by ASEAN countries?

• Electronics

• Agro-based products

• Automobiles

• Textiles

What does SAFTA stand for?

• South American Free Trade Area

• South Asian Free Trade Area

• South African Free Trade Area

• Southeast Asian Free Trade Area

Which country is not a member of SAFTA?

• Afghanistan

• Nepal

• China

• Sri Lanka

In which year did Afghanistan join SAFTA?

• 2011

• 2001

• 2006

• 2015

Where is the headquarters of SAFTA located?

• Colombo, Sri Lanka

• Kathmandu, Nepal

• New Delhi, India

• Islamabad, Pakistan