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Get access to the detailed solutions to the previous years questions asked in IIFT exam
Explanation:
The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental organization and geopolitical union of nations in South Asia. Its member states include Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka.
ASEAN was founded on 8 August 1967 with five members: Indonesia, Malaysia, the Philippines, Singapore, and Thailand. It is headquartered in Jakarta. In 1984, Brunei became ASEAN's sixth member and on 28 July 1995, Vietnam joined as the seventh member. Laos and Myanmar (Burma) joined two years later on 23 July 1997. Cambodia was to have joined at the same time as Laos and Burma, but its entry was delayed due to the country's internal political struggle. It later joined on 30 April 1999, following the stabilization of its government.
The North American Free Trade Agreement is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America. Mercosur is an economic and political bloc comprising Argentina, Brazil, Paraguay, Uruguay, and Venezuela. Created during a period when longtime rivals Argentina and Brazil were seeking to improve relations, the bloc saw some early successes, including a tenfold increase in trade within the group in the 1990s.