#REGIONAL ECONOMIC INTEGRATION BLOCS PLUS#
#REGIONAL ECONOMIC INTEGRATION BLOCS FREE#

Reforms, including more representation for developing countries, both in the permanent and non-permanent categories, in the UNSC Their economic and political influence has grown significantly in the last decades, reaching a scope comparable to the permanent members (P5).Each of these four countries have figured among the elected non-permanent members of the council since the UNвЂ™s establishment.Members : India, Brazil, Germany and JapanДЄll members support each otherвЂ™s bids for permanent seats on the United Nations Security Council.The first regional office of the NDB will be opened in Johannesburg, South Africa. The bank is headquartered in Shanghai, China.The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states.The five BRICS countries represent half of the world population all five members are in theВ top 25 of the world by population.The BRICS members are all leading developing or newly industrialized countries, but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs all five are G-20 members.Originally the first four were grouped as вЂњBRICвЂќ (or вЂњthe BRICsвЂќ), before the induction of South Africa in 2010.BIMSTEC uses the alphabetical order for chairmanshipД¦.BRICS (Brazil, Russia, India, China and South Africa ).Commerce, investment, technology, tourism, human resource development, agriculture, fisheries, transport and communication, textiles, leather etc. The main objective of BIMSTEC is technological and economic cooperation among south Asian and south-east Asian countries along the coast of the Bay of Bengal.Bangladesh, India, Sri Lanka, and Thailand were founding members. It is an international organisation involving a group of countries in South Asia and South East Asia.The multi-modal corridor will be the first expressway between India and China and will pass through Myanmar and BangladeshДҐ.BIMSTEC ( Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation).BCIM economic corridorВ is an initiative conceptualised for significant gains through sub-regional economic co-operation with BCIM.Aim: greater integration of trade and investment between the four countries.Aims to formulate, implement and review quadrilateral agreements across areas such as water resources management, connectivity of power, transport, and infrastructure.It is a sub-regional architecture of these four countries.BBIN ( Bangladesh, Bhutan, India and Nepal) However, India was invited to be an observer for the first time in November 2011.ДЈ. Officials have decided not to allow India to join for various reasons, considering that India does not border the Pacific Ocean, which all current members do. India has requested membership in APEC, and received initial support from the United States, Japan, Australia and Papua New Guinea.To establish new markets for agricultural products and raw materials beyond Europe.To fears that highly industrialized Japan (a member of G8 ) would come to dominate economic activity in the Asia-Pacific region.It established in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world.APEC account for about half the worldвЂ™s trade and almost 60% of global trade.

#REGIONAL ECONOMIC INTEGRATION BLOCS FREE#

APECвЂ™s 21 members aim to promote free trade throughout the Asia- Pacific region.It is a regional economic forum of 21 Pacific Rim countries.Has and FTA with ASEAN (operational since 2010)Дў.APEC (Asia-Pacific Economic Cooperation).If the ASEAN nations were a single country, their combined economy would rank the 7th largest in the world.

#REGIONAL ECONOMIC INTEGRATION BLOCS PLUS#

ASEAN Plus Three: Was created to improve existing ties with the China, Japan and South Korea.

вЂThe ASEAN WayвЂ™ means : Doctrine that the member countries will largely mind their own business when it comes to internal matters of member countries.

Providing a mechanism for member countries to resolve differences peacefully.

Accelerating economic growth, social progress, and socio-cultural evolution among its members, Protection of regional stability.

Founding members: Indonesia, Malaysia, the Philippines, Singapore, and Thailand.

It is a political and economic organization of 10 South-East Asian nations.

1.ASEAN ( Association of South-East Asian Nations)

Regional economic integration blocs