Regional Cooperation: ASEAN & European Union

  • A regional organisation is a voluntary organisation\Association of some sovereign states having some common interest in an area.
  • Each regional organisation has several countries of a region as its members. However it is not essential that all the members must belong to a particular geographic region.
  • ASEAN is a geo-political and economic organisation of nations which are located in Southeast Asia.
  • The organizational structure of ASEAN consists of the ministerial conference, the standing committee, the secretariat and a number of permanent and ad-hoc committees.
  • In 1994, ASEAN Regional Forum (ARF) an extended arm of ASEAN was established to carry out coordination of security and foreign policy. ARF consists of ten ASEAN countries.
  • Under the Marshall Plan, the Organisation for European Economic Cooperation (OEEC) was established in 1948 to channelise aid to western European states.
  • European Union (EU) was established by 1992 ‘Treaty of Maastricht’ that came into force on 1 November 1993.
  • On 12th January, 2005 the European Parliament gave its approval to a common constitution of the European Union.
  • EU is now an economically integrated community with a single currency and banking service. It is also heading towards political integration. The issue of reforming and reconstructing the EU is now being debated by member countries.

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  • Q1

    The Treaty that established the European Economic Community was the:

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    Answer:

    Treaty of Maastricht.

    Explanation:

    After the Treaty of Maastricht the EEC became the European Community, reflecting the determination of the Member States to expand the Community's powers to non-economic domains.

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  • Q2

    ASEAN was established by signing of:

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    Answer:

    Bangkok Declaration.

    Explanation:

    The Association of Southeast Asian Nations or ASEAN was established on 8th August, 1967 in Bangkok by the five original member countries, namely, Indonesia, Malaysia, Philippines, Singapore and Thailand.

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  • Q3

    The second largest contributor to the regular budget of the UN is

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    Answer:

    Japan.

    Explanation:
    The three largest contributors to the United Nations are the US, Japan and Germany.
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  • Q4

    The common currency of European Union is the

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    Answer:

    euro.

    Explanation:
    Euro is the common currency introduced by EU in January 2002.
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  • Q5

    The Council of Europe was established in

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    Answer:

    1949.

    Explanation:
    The Council of Europe was established for political cooperation amongst the European countries.
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