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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The Treaty that established the European Economic Community was the:Marks:1
Treaty of Maastricht.
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.
ASEAN was established by signing of:Marks:1
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.
The second largest contributor to the regular budget of the UN isMarks:1
Explanation:The three largest contributors to the United Nations are the US, Japan and Germany.
The common currency of European Union is theMarks:1
Explanation:Euro is the common currency introduced by EU in January 2002.
The Council of Europe was established inMarks:1
Explanation:The Council of Europe was established for political cooperation amongst the European countries.