Abstract
The ASEAN-U.S. Initiative (AUI) provides the intellectual content and structural substance for the Memorandum of Understanding (MOU) recently agreed to by ASEAN and U.S. officials. The MOU creates a trade and investment co-operation committee aimed at improving economic liberalization between the United States and ASEAN. The article presented herein gives a background to theAUTs development, outlines its features, and makes some observations about the potential usefulness of the MOU.
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