Formula Asia, also known as Asian Formula 2000, was a class of open wheel formula racing. The formula used an Argo chassis coupled with a 16-valve Ford Zetec 1,800cc engine. There was only one championship held in Asia from 1994 until 2002, organized and promoted by Motorsport Asia Ltd. It was established to assist young Asian drivers make the transition from karting to European formulae such as Formula Ford and Formula Renault. Rounds were held in India, Indonesia, Malaysia and China. A special invitation race was also held annually at the Macau Grand Prix. It was replaced by Formula BMW Asia in 2003.