The document summarizes ASEAN, the Association of Southeast Asian Nations. It was established in 1967 by 5 founding countries and has since expanded to include 10 members. ASEAN aims to accelerate economic growth, establish an integrated market, ensure equitable development, and promote peace and cooperation among members. It is working to build three communities - the ASEAN Political-Security Community, ASEAN Economic Community, and ASEAN Socio-Cultural Community. ASEAN also collaborates with East Asian countries through the ASEAN Plus Three forum on economic, social and political issues.
About the establishment, ASEAN Economic Community (AEC), free trade agreement and positive as well as negative impact of ASEAN in International Business viewpoints.
By Swikar Dahal
Association of Southeast Asian Nations
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About the establishment, ASEAN Economic Community (AEC), free trade agreement and positive as well as negative impact of ASEAN in International Business viewpoints.
By Swikar Dahal
Association of Southeast Asian Nations
Disclaimer:
All of the pictures and pieces of information on this site are the property of their respective owners. I do not hold any copyright in regards to these pictures and information. These pictures have been collected from different public sources including various websites, considered to be in the public domain. If anyone has any objection to display of any picture, image or information, it may be brought to my notice by sending an email (contact me) & the disputed media will be removed immediately, after verification of the claim.
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2. Establishment & Membership
• It was established on 8 August 1967.
• It took place in Bangkok with 5 founding countries.
( Indonesia, Malaysia, Philippines, Singapore and Thailand)
• Later joined by another 5 countries.
(Brunei 1984, Vietnam 1995, Laos 1997, Myanmar 1997, Cambodia 1999)
• Observer Countries (Papua New Guinea 1976 , East Timor 2011)
3. • Population : 666.19 Million
(1.5 % growth)
• GDP : 3.66 Trillion
• Area : 4.5 Million sq km
• Headquarter : Jakarta, Indonesia
4. Objectives
• To accelerate economic development in the ASEAN region.
• To establish a single market and production base for the ASEAN countries
• To ensure equitable economic growth and prosperity of the region
• To bring about full integration of the ASEAN economy with that of the global economy
• To develop a sense of unification and solidarity among the people of the region
• To encourage greater cooperation in the field of education, culture, art, etc., as well as on issues of environment and
human rights
• To promote cooperation and help, training and resources to the people of the region To collectively work towards
sustainable development
• To encourage peaceful resolution of conflicts
• To uphold the principles of peace, cooperation and neutrality To ensure respect for each other’s territorial integrity
5. Fundamental Principles
• Mutual respect for the independence, sovereignty, equality, territorial integrity, and
national identity of all nations
• The right of every State to lead its national existence free from external
interference, subversion or coercion
• Non-interference in the internal affairs of one another
• Settlement of differences or disputes by peaceful manner
• Renunciation of the threat or use of force
• Effective cooperation among themselves.
7. ASEAN Political-Security Community (APSC)
• Focuses on political and security cooperation among ASEAN member
states.
• Aims to promote peace, stability, and regional security.
• Enhances mutual trust and confidence through dialogue and
diplomatic processes.
• Addresses political and security challenges, including conflict
resolution and counterterrorism.
• Emphasizes respect for international law and norms.
8. ASEAN Economic Community (AEC)
• Aims to create a single market and production base within ASEAN,
promoting economic integration and growth.
• Facilitates the free flow of goods, services, investment, capital, and
skilled labour.
• Promotes equitable economic development among member states.
• Establishes measures to enhance competitiveness and connectivity in
the region.
• Strengthens ASEAN's position in the global economy through
economic partnerships and trade agreements.
9. ASEAN Socio-Cultural Community (ASCC)
• Focuses on enhancing cooperation in social and cultural areas to
improve the quality of life of ASEAN citizens.
• Promotes cultural diversity, dialogue, and mutual understanding
among member states.
• Collaborates on areas such as education, health, environment, youth,
and social welfare.
• Addresses common challenges like poverty, disaster management,
and public health issues.
• Supports the development of a sense of ASEAN identity and
belonging.
10. ASEAN Plus Three (APT)
• Forum that coordinate between Southeast Asian Nations & Three East
Asian countries
• Cooperation in the areas of political and security, economic, finance,
tourism, agriculture and forestry
• Rural development and poverty elimination , Social welfare , Civil
services , Culture and arts , Information and media, Education, Science
& Technology, Innovation , Public health.
• Preparing plan for introduction of common currency to facilitate trade
in the region.
11. Impact on Nepalese economy
• Trade Relations
• Investment Opportunities
• Remittances
• Tourism
• Cultural Exchange
• Skill Development and Technology Transfer
• Global Diplomacy