The Association Of Southeast Asian Nations

The Asia-Pacific Economic Cooperation is an organization that was established in the year 1989. The cooperation creates tangible effects and benefits for the people within the Asia-Pacific region through their projects. There are currently 21 members (can also be referred to as “economies”) in the organization. In a year, it is estimated that the APEC members propose about 100 projects. These projects usually focus in sharing knowledge and skills to other people. For example, promoting and accelerating regional economic integration. Regional integration is a procedure which

After a significant transformation during the 2000s, the Asian-Pacific region countries became a part of the global supply chains, also the very aggressive consumer power based on the large population, the low labour cost and high productivity have made this region part of a non-ignorable global recovery power and most

ASEAN (The Association of Southeast Asian Nations), just like the EU is a political and economic organisation formed in 1967 after the signing of the ASEAN Declaration (also known as the Bangkok Treaty) in Thailand. It started with only five members but at the moment it has ten members and it aims to achieve economic growth, peace and stability in the region, social progress and sociocultural evolution. (Long, 2014)

South Asia has attracted global attention because it has experienced rapid growth in GDP. However if we see the exact face of south Asia there are two faces. One is some countries from South Asia dynamic, growing rapidly, highly urbanized, and is benefiting from global integration. Some

In order to detach trade between the nations by minimizing or reducing the various forms of barriers that restrict trade between the nations, free trade agreements are signed. The North American Free Trade Agreements and the ASEAN Free Trade Area are regions where usually sign Free trade agreements. However in this investigation, ASEAN Free Trade Area (AFTA) will be discuss. AFTA has become the third largest trade bloc in the world and has gained importance to the society. In this investigation, the impacts of AFTA in Malaysia is being pointed out as for their benefits and their challenges faced.

Prime Minister of Datuk Seri Najib Razak sent the ASEAN time zone proposal to visit Myanmar President U Thein Sein during their talks. President of Indonesia, Jokowi has agreed that ASEAN common time zone initiative be given the appropriate consideration which the first proposal for Southeast ASEAN Nations (ASEAN). He said that common time is symbolic of the association in ASEAN and must be accelerate among ASEAN members countries. After attending four-eyed meeting and delegation meeting with Malaysian’s Prime Minister, Datuk Seri Najib Abdul Razak at Perdana Putra and officially he announced this at a joint media conference.

Association of Southeast Asian Nations (ASEAN), comprised of Myanmar (Burma), Thailand, Vietnam, Malaysia, Philippines, Indonesia, Cambodia, Lao PDR, and Brunei Darussalam, was formed in 1967 (ASEAN.org). ASEAN has had a significant breakthrough in the local economy with 600 million people and their income levels anticipated increasing; the ASEAN Economic Community makes it an appealing market for various ventures, including restaurants. (Asia.nikkei.com, 2015)

Throughout Southeast Asia, there are a number of relationships between state actors that are marked by mutual distrust, and these bilateral relationships fuel the arms race within Asia due to security concerns. These distrustful relationships between nations have “their root causes in historical animosities, racial and religious divisions or competition for influence and resources” (Richardson 1990: 24). Problematic relations in the region include, and are not limited to: North and South Korea, Taiwan and China,

Our company, Corbion, the world’s largest manufacturer of biodegradable plastic products, has decided to expand our operations into the Asian Pacific area primarily for access to raw materials and ease of distribution to our larger customers in that region of the world. Our main raw material is sugar which when processed produces monomers and polymers with a base of lactic acid that are used to fabricate our plastic products. Our major markets are food packaging, medical industry supplies, and plastics used in the production of electronic goods. After much research and careful consideration we have decided to open a plant in Rayong, Thailand. Thailand emerged as a key location due to its strengths in matured infrastructure, IT, and communication systems. The Thai government is very friendly to foreign investors and provides simplified import and export regulations. Rayong in particular is a seaport with well-established transportation routes to Southern China where some of our biggest customers are located. Thailand also provides a pool of highly skilled workers at a low cost.

Over the past thirty years since its establishment in August 1967, the ASEAN has been one of the fastest growing economies in the world with Gross Domestic Product (GDP) grew at an average annual rate of 6.6 per cent. Growth enormously peaked in 1994-1995 with Malaysia, Singapore, and Thailand enjoying growth rates in the range of 8-10 per cent. The region benefited from macroeconomic stability with countries ran budgetary surpluses up to the middle of 1997. The engine growth was said to be the exports, which grew more than fifty-fold from US$6.3 billion in 1970 to US$340 billion in 1996 (Setboonsarng, 1998). Much of the growth in the region could be attributed to the ASEAN leaders’ decision to launch the region on the road to real

In this paper, I shall provide you with important and detailed information, entailing who ASEAN-India is, how ASEAN-India was founded, why there was a need for ASEAN-India, and what type of business conducted, along with its contributing countries. This paper will further discuss each agreement that was signed into effect, to include The Framework Agreement on Comprehensive Economic Cooperation, The Trade in Goods Agreement, Trade in Services Agreement, and the Investment Agreement. Each agreement is centered on ASEAN-India Free Trade Area. Once reading this paper, one will gain a comprehensive understanding as to how ASEAN-India came to be and what each above-mentioned category represents.

The Philippines is a Southeast Asian nation in the Western Pacific, containing more than 7,000 islands. Its capital, Manila, is renowned for its waterfront promenade and hundreds of years old Chinatown, Binondo. Intramuros, a walled city in pioneer times, is the heart of Old Manila. It 's home to the ornate seventeenth century San Agustin Church and additionally Fort Santiago, a famous fortress and military jail. It is a sovereign island nation in Southeast Asia arranged in the western Pacific Ocean. It comprises of around 7,641 islands that are sorted extensively under three principle land divisions from north to south: Luzon, Visayas, and Mindanao. The capital city of the Philippines is Manila, and the

Brooks (2014) states that in 2008, the entire Southeast Asian economy received roughly less than half as much foreign direct investment as China did. Four years later, they pulled to within spitting distance. Why is there a sudden surge of international interest in this particular region? It is because ASEAN’s five core countries- Indonesia, Malaysia, Philippines, Singapore and Thailand- have been growing faster than any other regional grouping in the world over the past 5 years, with Philippines standing out in particular because of its’ impressive 6.6% economic growth rate as of 2012. The Philippines is now one of the fastest-growing economies in Southeast Asia, going from a developing market to what is considered now as an emerging market in a global scale because of the competency of trade in the Philippines.

This landmark agreement defined the group’s development and organizational initiatives from its inception until its current ten member states’ configuration. ASEAN adopted the principles of consensus decision-making and flexibility, which is an indirect pledge of non-aggression and good faith. Since then, ASEAN’s negotiations were carried out on the basis of accommodating every member state’s position as much as possible. There is always the use of constant consultations and discussions until a viable consensus is reached. This seems to have worked to bolster relations internally and somehow preserve each participant’s sovereignty. It was also during this time that ASEAN declared the group's pursuit of political stability and economic prosperity through the ASEAN Concord. It was supported by establishing a secretariat to further consolidate its achievements and expand cooperation in economic, social, cultural and political fields.

“One Vision, One Identity, One Community” is the motto of ASEAN community. ASEAN stands for “The Association of Southeast Asian Nations” which is one of the most powerful international community in the world. The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967, in Bangkok, Thailand with the signing of Bangkok declaration. The Bangkok declaration or the ASEAN declaration was signed by the five foundation countries, namely Indonesia, Malaysia, Philippines, Singapore, and Thailand. Today, ASEAN is comprised of the ten Member States which are Thailand, Indonesia, Malaysia, Philippines, Singapore, Vietnam, Myanmar, Cambodia, Laos, and Brunei and have citizens more than 600 million people.