In 1967, several Asian countries banded together to reduce the trade barriers between them and encourage trading among themselves. This is known as
A) a GATT.
B) the European Union.
C) the Association of Southeast Asian Nations.
D) a multinational.
E) an orderly marketing agreement.

Question

Quizplus · Accepted Answer

The Association of Southeast Asian Nations (ASEAN) was created in 1967 by Indonesia, Malaysia, the Philippines, Singapore, and Thailand to promote economic cooperation among member nations through the reduction of trade barriers and the encouragement of free trade between them.

In 1967, Several Asian Countries Banded Together to Reduce the Trade