What is the importance of being a member of ASEAN?

ASEAN’s purpose is to promote economic and cultural exchange among its member countries, maintain peace and stability in Southeast Asia, and establish relationships with foreign powers with similar aims. ASEAN formed during the Cold War to promote stability and cooperation in a politically turbulent region.

Do you think that there is an importance of the integration of ASEAN?

With the full integration of the ASEAN countries, investments, services, job skills and a free market would enable the Philippines to have economic prosperity and the benefits will eventually trickle down to the citizens’ benefit. Cooperation is the key ingredient to make ASEAN a success.

Do you think Philippines is worthy in its membership to ASEAN?

ASEAN is one of the many reasons why the Philippines is in a good and stable pace and potential investors, businessmen, and its citizens need not worry about the country’s stability.

Do you think that the Philippines has greater advantage in joining in APEC?

The Philippines, one of the twelve founding members of APEC, has since gained advantage of the freer markets in the region, advancing the country through major growth drivers, such as the boom of business process outsourcing (BPO) industry.

What is the effect of regionalism to the country’s economy?

Whereas open regionalism promotes global trade liberalization, closed regionalism often has led to economic warfare and sometimes to military conflict. Open regionalism, however, faces the problem of harmonizing the different economic policies of many countries.

What are the benefits of being a member of ASEAN?

Benefits of a citizen belonging to an ASEAN country member. 1. Lower cost of living. The ASEAN Economic Community wants to eliminate if not lessen the taxes exporting between countries, which will lower the prices of goods.

What does the ASEAN Economic Community want to eliminate?

The ASEAN Economic Community wants to eliminate if not lessen the taxes exporting between countries, which will lower the prices of goods.

How can ASEAN integration help the Philippines?

Asean Integration as the major pillar of the ASEAN Community will really a big foundation that could help the Philippines to strive more when it comes to trade and finance.

What are the 4 pillars of ASEAN?

Through the implementation of these 4 pillars for economic integration, stability, competitivity and dynamism, ASEAN is bound to realize the principles of an Economic Community, inspired by the model of the European Union.