Q5 of 12 Page 74

Write answers in short:

Write the functions of the important trade organisations in Asia.

The important trade organization in Asia with their function is listed below.


(i) South Asian Association for Regional Cooperation (SAARC)


It’s function is to find satisfactory solutions to the problems faced by south Asian countries, to remove unrest and increase social ,living standard and regional co-operation.


(ii) Association of South-East Asian nations ( ASEAN)


Its function is to expand cultural & social harmony along with economic growth,promoting regional peace and tax waving.


(iii) Asia-Pacific Economic Cooperation (APEC)


Its function is to promote free trade and economic cooperation in Asia-Pacific region.Promoting regional and technical cooperation.


(iv) Brazil,Russia, India,China and South Africa (BRICS)


Its function is to make funds available for economic growth,strengthening economic security.


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