The formula used an Argo chassis coupled with a 16-valve Ford Zetec 1,800cc engine.
Rounds were held in India, Indonesia, Malaysia and China.
A special invitation race was also held annually at the Macau Grand Prix.
Japanese female driver Keiko Ihara finished third in the AF2000 race at the 2002 Macau Grand Prix, becoming the first woman on the podium in the event's 50-year history.
[1] Drivers who have taken part in Formula Asia include: Michael Vergers, Narain Karthikeyan, Alex Yoong, Ananda Mikola, Bagoes Hermanto, Takuma Sato, Mark Goddard, Parthiva Sureshwaren, Karun Chandhok, Denis Lian, Jim Ka To and Danny Watts.