The ASEAN Free Trade Area (AFTA) is an economic integration initiative among the ten member countries of the Association of Southeast Asian Nations (ASEAN). AFTA aims to reduce or eliminate trade barriers and promote the free flow of goods, services, and investments within the region. Established in 1992, AFTA plays a significant role in enhancing intra-regional trade and fostering economic development. Through the implementation of various agreements, AFTA has created a more integrated and competitive market, stimulating growth and prosperity in Southeast Asia.
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Afta Full Form in English
AFTA stands for ASEAN Free Trade Area, a regional trading bloc in Southeast Asia. Established in 1992, AFTA aims to promote economic integration among its ten member countries, namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The main objective of AFTA is to create a single market and production base within the region, involving the reduction or elimination of tariff barriers for the free flow of goods among member states. This initiative has fostered economic growth, increased trade opportunities, and enhanced regional cooperation and connectivity. Through AFTA, member countries have been able to boost their competitiveness and strengthen their engagement in the global economy.
Afta Full Form in Hindi
AFTA का पूरा नाम है, ‘एशियन फ्रीट्रेड एसोसिएशन’। यह एक आर्थिक सहयोग संगठन है जिसका मुख्य उद्देश्य एशिया में व्यापारिक और आर्थिक सहयोग को प्रोत्साहित करना है। इसकी स्थापना 8 अक्टूबर 2002 में हुई और इसमें 20 एशियाई देश शामिल हैं। AFTA ने आर्थिक संयम और सम्बंधित नियमों को बहुतायत आसान बनाने का प्रयास किया है जिससे उन देशों के बीच व्यापार एवं निवेश के लिए संभवता में सुधार हो सके। AFTA की एक मुख्य पहचान एशियाई देशों के बीच की दरों, शुल्कों और गतिरिक्तियों में क्षेत्रीय एकीकरण है।
In conclusion, the full form of AFTA stands for the ASEAN Free Trade Area. This regional trade agreement has been instrumental in promoting economic integration and enhancing trade relations between member countries. With its various frameworks and initiatives, AFTA has successfully facilitated the elimination of tariffs and non-tariff barriers, fostering a more conducive environment for business growth and investment opportunities. Moreover, AFTA has played a crucial role in boosting intra-ASEAN trade and creating a prosperous and sustainable economic community. Overall, AFTA has demonstrated its significance as a catalyst for regional economic development.