ASEAN- Association Of Southeast Asian Nations A Quick Review
Post on 26,November 2015   10:00 PM
By - PolyEyes Staff
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About ASEAN

  • The moto of ASEAN is “One vision, One Identity, One community”.
  • The association of southeast Asian Nations, or ASEAN was establish on 8th Aug, 1967 in Bangkok, Thailand, with the signing of the ASEAN declaration( Bangkok declaration) by the founding fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand.
  • At present these are 10 members namely, Brunei, Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
ASEAN Economic Community
  • The AEC envisages a single market with a free flow of goods, capital and skilled labour across borders in the highly competitive economic region.
  •  It will integrate Southeast Asia’s diverse economies. South Asia is a region with 620 million people and a combined gross domestic product of USD 4.4 trillion.
  • The move is also expected to boost political and diplomatic co-operation between members of the grouping. 
  • This community could give India greater access to a market with a combined GDP of $2.57 trillion. The grouping is also seen as a huge middle class market that Indian industries & services can be take advantage.
ASEAN 2015By signing the Kuala Lumpur declaration on the establishment of the ASEAN Economic Community (AEC) , ASEAN leaders have declared the establishment of EU style regional economic bloc AEC.

ASEAN 2025
  • The ASEAN leaders have also adopted the declaration on “ASEAN 2025, forging ahead together”.
  • The ASEAN 2025 document charts the path for the AEC building over the next ten years. 
  • It is a forward looking roadmap that articulate ASEAN goals and aspirations to realise further consolidation.  
  • ASEAN 2025 means a community committed to working with external partners to strengthen cooperation in combating non-traditional security challenges like terrorism, drug related crimes, human trafficking and maritime issues through various initiatives and projects. 

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