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The EU has a single market, known as the internal market, which allows for the free movement of goods,
services, capital, and people within the EU. It has also adopted a common currency, the euro, in several
member states. The EU has a broad range of policies and initiatives covering areas such as trade, agriculture,
environment, transportation, and justice.
SAARC aims to foster cooperation in various areas, including agriculture, trade, investment, energy,
tourism, culture, and people-to-people exchanges. It provides a platform for member states to discuss and
address common challenges and opportunities, such as poverty alleviation, terrorism, climate change, and
natural disasters.
The organization operates through a system of summits, meetings, and specialized working groups.
Decisions are made by consensus, and cooperation is primarily based on voluntary participation and mutual
agreements. SAARC has also established specialized centers and mechanisms to facilitate collaboration in
areas such as agriculture, meteorology, health, and poverty eradication.
ASEAN has played a crucial role in fostering cooperation among its member states through various
mechanisms and agreements. The organization follows the principle of non-interference in member states'
internal affairs and decision-making through consensus. It aims to enhance regional integration, promote
economic growth, and ensure social progress in Southeast Asia.
ASEAN has been instrumental in establishing the ASEAN Free Trade Area (AFTA), which promotes the
free flow of goods, services, investment, and skilled labor within the region. It has also worked towards
creating a more inclusive and sustainable community, focusing on areas such as human rights, education,
public health, and environmental sustainability.
In recent years, ASEAN has been actively engaged in addressing regional challenges, including territorial
disputes, counterterrorism efforts, and responding to natural disasters. It has also sought to strengthen
relations with external partners through dialogue and cooperation, contributing to peace and stability in the
Asia-Pacific region.