The benefits of economic integration can be divided into three categories: commercial services, employment and political cooperation. In 2002, ASEAN and China signed a free trade agreement that came into force in 2010 as an ASEAN-China Free Trade Area (ACFTA). In 2009, aSEAN and India also signed the ASEAN-India Free Trade Agreement. In 2009, ASEAN signed a free trade agreement with New Zealand and Australia. It also hopes to create an ASEAN Economic Community by 2015. ASEAN countries for the integration of regional capital markets by 2015,” the Asia Economic Institute said on April 30, 2011 www.asiaecon.org/special_articles/read_sp/12174. As the focus and function continue to be discussed, the intention is to establish even closer links between the ten Member States that will enable them to negotiate more effectively with world powers such as the EU and the United States. About ASEAN, “Association of South Asian Nations, called April 30, 2011, www.aseansec.org/about_ASEAN.html. In 1989, the GCC and the EU signed a cooperation agreement. “Trade between the EU and the GCC countries amounted to EUR 79 billion in 2009 and is expected to increase under the free trade agreement. Moreover, while strong economic relations remain the basis of mutual relations, the EU and the GCC also share common interests in areas such as the promotion of alternative energies, thus contributing to the resolution of climate change and other pressing environmental concerns; Promoting appropriate reform of global economic and financial policies; and improving a comprehensive, rules-based international system. Gonzalo de Benito, Luigi Narbone and Christian Koch, “The Bonds between the GCC and EU Grow Deeper”, The National, 12 June 2010, recalled on 23 May 2011, www.grc.ae/index.php?frm_module=contents&frm_action=detail_book&frm_type_id=&op_lang `overriding`3E`The-Bonds`between `GCC` and `EU`Grow` Deeper-sec Contents frm_title-book_id-69542. PAAR`s OBJECTIVE is a “supraregional process to develop the concept of `popular integration`, to articulate the development of new analyses and new knowledge on important regional themes, to discover the problems of neoliberal regional integration and the limits of the export-oriented integration model, common tactics and strategies to critically address regional integration processes and develop alternatives to man “the development of Europe.” It builds on the work of the Southern African People`s Solidarity Network – SAPSN (Southern Africa).
The objective of the agreement is to create a free trade area similar to that of NAFTA. For free trade advocates, CAFTA-DR is also seen as a springboard for the eventual creation of the Free Trade Area of the Americas (FTA) – the more ambitious grouping for a free trade agreement that would encompass all south American and Caribbean nations as well as North and Central American countries (except Cuba).