Analyze what differences between ASEAN and NAFTA in term of

Analyze what differences between ASEAN and NAFTA in term of political, economic and social also provide an example

Solution

North American free trade agreement (NAFTA) was signed by North America, Canada, and Mexico in 1994. It created the world\'s largest free trade zone and laid the foundation of strong economic growth in these countries. While ASEAN or treaty of amity and cooperation in South Asia was signed in 1967 to resolve all conflicts among member nations peacefully and independently.

Both treaties are different in their ways of promoting different things; the ASEAN treaty promotes peace and solving problems independently whereas NAFTA treaty is based on free trade zones. The former wants economic and cultural growth while latter wants economic growth. The former was established to boost cooperation among south Asian nations while latter was formed to combat unfair trade practices. They both represent different countries; while former penetrates on south-east Asia the latter concentrates on North American countries.