Unit 1 Assignment ASEAN
Assignment AUM
The international trade agreement is an agreement between two or more countries on trade-related issues such as tariff, nontariff trade barriers, etc. History of trade agreements could be traced back to the medieval period. It was common between two states to do trade-related agreements to gain bilateral trade or to get allowances for travelling trade purpose. The single most important trade agreement in ancient time was, diplomatic travel of Hun dynasty Chinese envoy Zhang Qian to central Asia with Chinese goods which enabled trade of Chinese goods with India, Persia and roman empire and vice versa. Agreement between Chinese dynasty with Indian, Persian and Roman rulers established the silk road. In the middle age, the most
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After the publication of "The wealth of the nations" where Adam Smith stated open economy as beneficial, a debate on free trade started and lots papers have been published on the topics, as a result, trade-related agreement increased day by day and trade barriers is …show more content…
ASEAN established a less integrated common market based on the four freedoms at the end of 2015. AEC was introduced from the ASEAN Free Trade Area AFTA established on 28th January 1992. AFTA had a common effective preferential tariff to promote the free flow of goods. AFTA was signed by six founding members Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand. Vietnam joined 1995, Laos and Burma on 1997 and Cambodia in 1999. New members have not fully met AFTA'sobligationss, but officially considered part of the AFTA. ASEAN has a target to obtain zero import duties by the end of 2016. ASEAN framework agreement on trade in services (AFAS) Was adopted in December 1995. ASEAN has concluded seven packages of commitments under AFAS to liberalise trade in services. Mutual recognition agreements (MRAS) Have been agreed upon by ASEAN for eight professions, physicians, Dentists, Nurses, Architectures, Engineers, Accountants, Surveyors, and Tourism Professionals will be free to work any ASEAN country from 31 December 2015. ASEAN capital market forum (ACMF) Is an initiative to integrate ASEAN stock exchange so ad to compete with international exchanges. ASEAN has concluded a free trade agreement with China, Japan, Korea, Australia, New Zealand and India by signing bilateral agreements. In addition, ASEAN is currently negotiating a free-trade agreement with the European Union. Sean also has a single
Inf 324 Unit 1 Assignment
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How Did Silk Roads Contribute To The Expansion Of The Roman Empire
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1537 Words | 7 Pages“Chapter 8 Learning Guide – Commerce and Culture” “Main Idea 1 – Eurasia was home to one of the largest and extensive networks of trade throughout all of history. The most famous trade network was the Silk Road” 1. “Silk Road – Definition”: • An ancient system of roads and trade routes throughout regions of Eurasia that connected the East and the West and were important in spreading culture and ideas. 2. “Why did the Silk Road begin where it did?”
How Did Silk Roads Affect Eurasia
1340 Words | 6 Pages1. The geographical features that caused the silk roads to be difficult to travel are because of the harsh and dangerous steppes, deserts, and oases of Central Asia 2. The silk road was at its peak or most successful when large and powerful states provided security for merchants and travelers. These conditions prevailed during the classical era when Roman and Chinese empires anchored long-distance commerce at the Western and Eastern ends of Eurasia.
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841 Words | 4 PagesBenjamin Franklin said, “No nation was ever ruined by trade.” During the early modern era, technological advancements in shipbuilding and increased knowledge on wind and current patterns made global trading possible. The increased flow of trade in the 1300s through 1800s created important social relations and economic opportunities due to the increased integration of foreign people and desire to be wealthiest and most powerful, while improving government, culture, and ideas in the modern world. Global trading increased the spread of people, which also increased the spread of religion and culture.
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628 Words | 3 PagesFrom 1450 to 1750, global networks began to expand. Though not every part of the world was involved in these expanding global networks, countries like China were. This was the time period of the Ming and the Qing Dynasties. There were changes and continuities with China’s participation in the global networks around this time period. During the time period between 1450 and 1750, China limited outside influence and their participation in the Silk Road Trading remained constant in global network trading, while there were significant changes in China’s participation in global networks such as Chinese converts to the Christian religion and China’s demand for an alternative medium of exchange.
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398 Words | 2 PagesThe Silk Road began in the 2nd century BCE with the diplomatic missions of Zhang Qian sent by the Han Emperor. The Silk Road was largely fragmented, commodities carried by merchants of many countries on the Silk Road from present day China to present day Turkey. The interaction of these different cultures created a cultural diffusion that can be seen in the resulting names, tools, jewelry, luxuries and house wares that these different societies adopted. Silk was one of the most important items traded along the Silk Road. Once the Silk Road was open techniques of weaving the silken thread did not begin to spread because this material was similar to that used by cloth weavers.
Silk Road Dbq
703 Words | 3 PagesIntroduction The “Silk Road” or also referred to as the “Silk Route” was a network of trade routes that consisted of a variety of different routes of land and water, that initially connected China to the Middle East and Europe. The Silk Road was established by China’s Han Dynasty when they opened trade to the west around 130 BCE through 1453 CE (History, n.d). The term “Silk Road” represented China’s primary export leaving China going west to be traded for gold, silver, and wood.
Trade Routes Dbq Essay
1012 Words | 5 PagesEric Pappas Mrs. Turk Trade Networks LEQ May 17/18, 2023 Throughout the third-wave era, numerous trade routes were open and thriving all over the world. Major trade routes included The Silk Road, The Sea Roads, The American Trade Network, and the Sand Roads. The trade routes were able to transport various goods throughout Europe, Asia, Africa, North America, and South America, ranging from ideas in medicine to Silk and Gold. The trading routes all worked together to help foster the spread of culture and innovations.
Cultural Diffusion In The Ancient World
1020 Words | 5 PagesAlexander the Great expanded east and helped to lay the foundations of trans-Asian trade. In addition, during the fifth century B.C., the vast area known as the Persian Empire improved travel through western Asia. Zhang Qian, the Chinese leader, saw the positive effects of westward trade. One specific example of this is the trade of the Ferghana horse, which he believed would be a great asset to his military when traded for highly coveted silk fabrics. (Source: Perez).
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