I (Meaning and importance of Exports) Unit Structure

Objectives of NAFTA: 
The main objectives of NAFTA are as follows 
● To eliminate trade barriers on trade and facilitate movement of
Goods and services.
● To develop cultural and social relations. 
● To remove restrictions on transfer of technology to member
nations.
● To negotiate collectively with non-members on certain foreign
Trade matters. 
● To promote fair competition in FTA. 
● To provide protection and enforcement of intellectual property
rights. 
● To develop industries in Mexico in order to create employment
and to reduce migration from Mexico to USA. 
● To assist Mexico in earning additional foreign exchange to meet 
foreign debt burden measures undertaken by NAFTA. 

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1. Residents of NAFTA nations can invest freely in other NAFTA
countries. 
2. Protection of Intellectual Property Rights of the members 
countries.
3. Free movement of labour from one country to another. 
4. Pollution control along the USA- Mexico border. 
5. Standardization of product standards in member countries. 
4.7 ASSOCIATON OF SOUTH EAST ASIAN 
NATIONS (ASEAN) 
The ASEAN was established on 8
th
Aug. 1967 in Bangkok by 
five original member nations that include Malaysia, Indonesia, 
Philippines, Thailand and Singapore. At present there are 10 
members who also include Brunei, Cambodia, Laos, Myanmar and 
Vietnam. 
ASEAN original purpose was to preserve peace among its 
member nations and to respond to the communist threat in the 
region from china. During the first nine years of its existence, 
A
SEAN‟s primary focus was political. 
The economic co-operation began at the first ASEAN 
Summit in Bali in 1976, when the declaration of ASEAN Accord was 
signed. The ASEAN countries agreed to co-operate in the supply 
and purchase of basic commodities, the establishment of 
preferential trading arrangements, and the stabilization of prices in 
the region and promotion of export earnings from production of 
regional commodities. 
The ASEAN countries formed the ASEAN Free Trade Area 
(AFTA) in September 1994. The AFTA initially set to function for 10 
years in order to develop inter ASEAN trade.