Foreign Trade

It implements the Marrakesh Agreement framework (GATT, GATS, TRIPS), offers a rules-based platform to reduce barriers, and resolves conflicts through the Dispute Settlement Understanding. The Trade Policy Review Mechanism enhances transparency. Technical assistance helps developing members integrate into global trade, aligning with IMF/World Bank on coherence in economic policymaking (≈56 words).

Step 1: Identify the decision and terminology. ASEAN’s decision to create the {ASEAN Free Trade Area (AFTA)} was taken at the 1992 Singapore Summit.

Step 2: Clarify why the listed years appear. 1996, 1999, 2003, 2010 correspond to later phases, expansions, or implementation targets in ASEAN economic integration—{not} the founding decision year.

Step 3: Exam tactic. When all options are wrong, write ``Wrong option set—Correct year is 1992 (AFTA decision)’’, with a one-line justification as above.

Step 4: Conclude.