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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.
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]
Central American Integration System; CIVETS, six emerging markets countries: Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa, a diverse and dynamic economy and a young, growing population; CLMV, Cambodia, Laos, Myanmar and Vietnam in south east Asia, members of ASEAN
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.
President Biden in 2022 welcomed leaders of all ASEAN countries to Washington for a summit aimed at underlining U.S. support for the region, a key battleground in America’s rivalry with China.
ASEAN Plus Three East Asia Summit ASEAN Regional Forum . As of 2010, the Association of Southeast Asian Nations (ASEAN) has 10 member states, one candidate member state, and one observer state. ASEAN was founded on 8 August 1967 with five member states: Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
Regional Integration is a process in which neighboring countries enter into an agreement in order to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio ...
ASEAN provides a framework for the integration of commerce and regional responses to international concerns. China has asserted broad claims over the South China Sea, based on its nine-dash line, and has built artificial islands in an attempt to bolster its claims. China also has asserted an exclusive economic zone based on the Spratly Islands.