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The importance of Southeast Asia and the ASEAN nations. For several years, Indiana University has been dedicated to expanding its long-standing engagement in Southeast Asia and with ASEAN. When then U.S. President Barack Obama welcomed guests to the first U.S.-ASEAN Summit hosted by the United States in early 2016, he recognized the growing ...
- IU in Thailand
So when he had the opportunity to join the faculty, he...
- IU in Thailand
Enlargement of ASEAN. The enlargement of the Association of Southeast Asian Nations is the process of expanding the Association of Southeast Asian Nations (ASEAN) through the accession of new member states. This process began with ASEAN's five original members, who founded the association through the signing of the Bangkok Declaration in 1967.
- Introduction
- How ASEAN Works
- The Bloc’S History
- ASEAN’s Diversity
- Economic Progress
- Regional Security Challenges
- U.S.-ASEAN Relations
The Association of Southeast Asian Nations (ASEAN) is a regional grouping that aims to promote economic and security cooperation among its ten members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. ASEAN countries have a total population of 662 million people and a combined gross domestic p...
ASEAN is headed by a chair—a position that rotates annually among leaders of member states—and is assisted by a secretariatbased in Jakarta, Indonesia. Important decisions are usually reached through consultation and consensus guided by the principles of noninterference in internal affairs and peaceful resolution of conflicts. Many experts see this...
Formed in 1967, ASEAN united Indonesia, Malaysia, the Philippines, Singapore, and Thailand, who sought to create a common front against the spread of communism. In 1976, the members signed the Treaty of Amity and Cooperation in Southeast Asia, which emphasizes mutual respect and noninterference in other countries’ affairs. Membership doubled by the...
ASEAN brings together countries with significant differences. Singapore has the highest GDP per capita in the group, at around $83,000, according to 2022 World Bank figures; Myanmar’s is the lowest, at around $1,100. Demographics differ across the region, too, with many religious and ethnic groups represented. For example, Singapore and Vietnam are...
ASEAN has made some progress toward economic integration and free trade. In 1992, members created the ASEAN Free Trade Area (AFTA) with the goals of creating a single market, increasing intra-ASEAN trade and investments, and attracting foreign investment. In 1996, the average tariff rate across the bloc was around 7 percent [PDF]; today, intra-ASEA...
ASEAN remains divided over how to address security challenges. These include China’s claims in the South China Sea, human rights abuses, political repression by member states, narcotics trafficking, refugee flows, natural disasters, and terrorism. A primary challenge for ASEAN has been developing a response to the February 2021 coup in Myanmar. The...
The United States is ASEAN’s fourth-largest trading partner in terms of goods, trailing China, the European Union, and Japan. In 2022, the United States’ total trade in goods and services with ASEAN was an estimated $505.8 billion. The United States has launched subregional and bilateral initiatives to boost ties, including the Mekong-U.S. Partners...
ASEAN’s Impact. Since its inception in 1967, ASEAN has helped shape Southeast Asia. Economically, ASEAN has encouraged free trade and foreign investment in the region. The 1992 ASEAN Free Trade Area removed tariffs on nearly 8,000 items, increasing business access to neighboring markets and lowering prices of goods for consumers, while the ...
- Together, ASEAN’s ten member states form an economic powerhouse. If ASEAN were a single country, it would already be the seventh-largest economy in the world, with a combined GDP of $2.4 trillion in 2013 (Exhibit 1).
- ASEAN is not a monolithic market. ASEAN is a diverse group. Indonesia represents almost 40 percent of the region’s economic output and is a member of the G20, while Myanmar, emerging from decades of isolation, is still a frontier market working to build its institutions.
- Macroeconomic stability has provided a platform for growth. Memories of the 1997 Asian financial crisis linger, leading many outsiders to expect that volatility comes with the territory.
- ASEAN is a growing hub of consumer demand. ASEAN has dramatically outpaced the rest of the world on growth in GDP per capita since the late 1970s. Income growth has remained strong since 2000, with average annual real gains of more than 5 percent.
About ASEAN. The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN: Indonesia, Malaysia, Philippines, Singapore and Thailand. Brunei Darussalam joined ASEAN on 7 January 1984, followed by Viet ...
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The Association of Southeast Asian Nations, [ c ] commonly abbreviated as ASEAN, [ d ] is a political and economic union of 10 states in Southeast Asia. Together, its member states represent a population of more than 600 million people and land area of over 4.5 million km 2 (1.7 million sq mi). [ 13 ] The bloc generated a purchasing power ...
