ASEAN Framework Agreement on Services

The ASEAN Framework Agreement on Services is an agreement among Southeast Asian nations to promote and facilitate trade in services across the region. It aims to create a more integrated service sector by reducing barriers and encouraging cooperation among member countries. This includes sectors like education, healthcare, tourism, and finance. By aligning regulations and standards, the agreement seeks to enhance service quality and availability, fostering economic growth and benefiting consumers in the ASEAN member states. Ultimately, it helps to create a more interconnected regional economy.