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This title provides a detailed discussion of the legal framework for international economic cooperation within ASEAN and the status of ASEAN as a legal entity distinct from its underlying membership. The text also addresses the decision-making powers of ASEAN; the multilateral, regional, and bilateral framework for trade and investment; the ASEAN Free Trade Area (AFTA); and GATT. Topics include preferential trading arrangements, external relations, nontariff barriers, joint ventures, and tariff preferences.