ASEAN is an organization formed in 1967 to promote economic growth, social progress, and cultural development in Southeast Asia. It works to promote regional peace and stability through principles of mutual respect for sovereignty and non-interference. ASEAN has been largely successful in its role, as its principles have helped guide solutions to regional issues and its influence has led to a peaceful and prosperous Southeast Asia. Without ASEAN, there would be less economic integration and trading between the countries of the region.