1. Benefits of the ASEAN Investment Agreement
... Asia yet it is far less institutionalized than the European Union (EU). As a response to the increasing global competition, the ASEAN leaders sought to enhance their economies by the formation of an agreement. Thus, with its comprehensive, balanced, and improved features they formed the ASEAN Comprehensive Investment Agreement (ACIA). ACIA is an ASEAN's instrument to create a free and open ... and foreign investors. ACIA's drafters intended to draw on 'international best practice' as well as on the existing agreements (ACIA Business and Investor, 2013). With the increase number of in...
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