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Asia - Institutions
Association of Southeast Asian Nations ASEAN
The Association of Southeast Asian Nations or ASEAN was established on 8
August 1967 in Bangkok by the five original Member Countries, namely,
Indonesia, Malaysia, Philippines, Singapore, and Thailand. Brunei Darussalam
joined on 8 January 1984, Vietnam on 28 July 1995, Laos and Myanmar on 23
July 1997, and Cambodia on 30 April 1999.
The ASEAN region has a population of about 500 million, a total area of 4.5
million square kilometers, a combined gross domestic product of US$737
billion, and a total trade of US$ 720 billion.
Today, ASEAN economic cooperation covers the following areas: trade,
investment, industry, services, finance, agriculture, forestry, energy,
transportation and communication, intellectual property, small and medium
enterprises, and tourism.
The ASEAN Economic Community shall be the end-goal of economic integration
measures as outlined in the ASEAN Vision 2020. Its goal is to create a stable,
prosperous and highly competitive ASEAN economic region in which there is a free
flow of goods, services, investment and a freer flow of capital, equitable
economic development and reduced poverty and socio-economic disparities in year
2020.
The ASEAN Economic Community shall establish ASEAN as a single market and
production base, turning the diversity that characterizes the region into
opportunities for business complementation and making the ASEAN a more dynamic
and stronger segment of the global supply chain. ASEAN’s
strategy shall consist
of the integration of ASEAN and enhancing ASEAN’s economic competitiveness.
Member Countries
Brunei Darussalam
Cambodia
Indonesia
Lao PDR
Malaysia
Myanmar
Philippines
Singapore
Thailand
Vietnam
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