A Presentation for
Geopolitics And World
Economic System
MIT SCHOOL OF MANAGEMENT
NAFTA - SAARC - ASEAN By-
Priyank Jain
S...
NAFTA
• North American Free Trade Agreement
• Signed in 1993 by the United States, Canada and
Mexico
• NAFTA came into eff...
Objectives of
NAFTA
MIT SCHOOL OF MANAGEMENT
• To eliminate trade barriers, to facilitate cross
border movements of goods ...
Benefits of NAFTA
• Benefit to importers - Reduced or no duty on key
goods
• Benefit to exporters – More business activity...
SAARC
• South Asian Association for Regional Co-
operation
• Established on December 8, 1985
• Founding Countries - Bangla...
Objectives of SAARC
• To improve quality of life &
welfare of people
• Economic, social & cultural
development
• To contri...
SAARC Recognised
Bodies
• SAARC Chamber of Commerce & Industry (SCCI)
• South Asian Federation of Accountants (SAFA)
• Sou...
ASEAN
• Association of Southeast Asian Nations
• Established on 8 August 1967 in Bangkok, Thailand,
with the signing of th...
Objectives of ASEAN
• To accelerate economic growth, social progress,
and cultural development and to raise the living
sta...
THANK
YOU !
ANY QUESTIONS ?
MIT SCHOOL OF MANAGEMENT
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NAFTA-SAARC-ASEAN MITSOM

GEOPOLITICS PRESENTATION
Published on: Mar 3, 2016
Published in: Education      
Source: www.slideshare.net


Transcripts - NAFTA-SAARC-ASEAN MITSOM

  • 1. A Presentation for Geopolitics And World Economic System MIT SCHOOL OF MANAGEMENT NAFTA - SAARC - ASEAN By- Priyank Jain Suraj Garud Gazala Ghadiyali Nilesh Dhangar Sachin Waghmare Ritwik Gupte
  • 2. NAFTA • North American Free Trade Agreement • Signed in 1993 by the United States, Canada and Mexico • NAFTA came into effect from January 1, 1994 • “Free Trade” : Countries may freely trade goods with each other without having to pay a tariff (tax) on those goods MIT SCHOOL OF MANAGEMENT
  • 3. Objectives of NAFTA MIT SCHOOL OF MANAGEMENT • To eliminate trade barriers, to facilitate cross border movements of goods and services between the parties • To promote conditions of fair competition • To provide adequate and effective protection and enforcement of intellectual property rights • To create effective procedures for the implementation and application of this agreement and for resolution of disputes • To establish a framework for further trilateral, regional and multilateral co-operation
  • 4. Benefits of NAFTA • Benefit to importers - Reduced or no duty on key goods • Benefit to exporters – More business activity as compared to non-participating countries • Increase in trade among the three countries • Market access within each country also increased considerably • Mexico’s poverty rate decreased, real income increased, despite economic crisis in 1994-95 MIT SCHOOL OF MANAGEMENT
  • 5. SAARC • South Asian Association for Regional Co- operation • Established on December 8, 1985 • Founding Countries - Bangladesh, Bhutan, India, Nepal, Maldives, Nepal, Sri Lanka • April 2007 – Afghanistan became the 8th member nation MIT SCHOOL OF MANAGEMENT
  • 6. Objectives of SAARC • To improve quality of life & welfare of people • Economic, social & cultural development • To contribute mutual trust & understanding • To strengthen co-operation among themselves & other developing countries • To co-operate on issues like water resources MIT SCHOOL OF MANAGEMENT
  • 7. SAARC Recognised Bodies • SAARC Chamber of Commerce & Industry (SCCI) • South Asian Federation of Accountants (SAFA) • South Asian Association for Regional Cooperation in Law (SAARCLAW) • South Asia Foundation (SAF) • South Asia Initiative to End Violence Against Children (SAIEVAC) • Foundation of SAARC Writers and Literature (FOSWAL) MIT SCHOOL OF MANAGEMENT
  • 8. ASEAN • Association of Southeast Asian Nations • Established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) • Founding Countries - Indonesia, Malaysia, Philippines, Singapore, Thailand • New Entrants - Brunei, Cambodia, Laos, Myanmar, Vietnam MIT SCHOOL OF MANAGEMENT
  • 9. Objectives of ASEAN • To accelerate economic growth, social progress, and cultural development and to raise the living standards of the people • To provide assistance to each other in the form of training and research facilities • Free trade initiatives in ASEAN by the implementation of the ASEAN Trade in Goods Agreement and Agreement on Customs • By the end of 2015, to establish a common market to ensure free flow of goods, services, investment and skilled labour and free flow of capital MIT SCHOOL OF MANAGEMENT
  • 10. THANK YOU ! ANY QUESTIONS ? MIT SCHOOL OF MANAGEMENT