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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.
Launched on March 24, 1994 in Davao City, [5] BIMP-EAGA was formed by Brunei Darussalam, Indonesia, Malaysia and the Philippines to generate balanced and inclusive growth. As a sub-region of the Association of Southeast Asian Nations, it aims to contribute to regional economic integration in the ASEAN Economic Community.
The ASEAN Free Trade Area (AFTA) [1] is a trade bloc agreement by the Association of Southeast Asian Nations supporting local trade and manufacturing in all ASEAN countries, and facilitating economic integration with regional and international allies.
ASEAN (blue) and Timor-Leste (red) Flag of Timor-LesteThe accession of Timor-Leste to the Association of Southeast Asian Nations is a process that started following the independence of the country in 2002 when its leaders stated that it had made a "strategic decision" to become a member state of the Association of Southeast Asian Nations (ASEAN) in the future. [1]
The Council was created in response to a request from the ASEAN governments at the ASEAN-US dialogue of 1984. First known as the "US-ASEAN Center for Technology Exchange," the Council's mission was to enhance trade and investment opportunities for US companies in ASEAN, and to increase the ASEAN countries' access to US sources of technology and training.
[46] [48] The economic expansion and growth in trade could exceed the expectations of other regional free trade areas such as the ASEAN Plus Three (ASEAN + China, South Korea and Japan). [49] Some criticisms include that the diversion of trade within APEC members would create trade imbalances, market conflicts and complications with nations of ...
By 2015, ASEAN's total merchandise trade with China reached $346.5 billion (15.2% of ASEAN's trade), and the ACFTA accelerated the growth of direct investments from China and commercial cooperation. [6] In November 2022, China and ASEAN jointly announced the official start of the China-ASEAN FTA 3.0 negotiations.
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]