Questions are concerned with the following Picture:

Which of the following forums have been created by ASEAN Countries for investment, labour and services agreements with other countries?

FTA

The correct answer is Option (3) → FTA

Cartoon by Keshav in The Hindu.

The objectives of the ASEAN Economic Community are to create a common market and production base within ASEAN states and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN.