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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]
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.
The following is the list of ASEAN countries by the Human Development Index as well as when it's adjusted by inequality. [1] As of the latest report, Singapore has the highest HDI in ASEAN and Asia in general at 0.949, and Cambodia has the lowest HDI in ASEAN at 0.600.
The 10 members of ASEAN are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Timor-Leste and Papua New Guinea are “observer states.”
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.
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 EU is ASEAN's third largest trading partner, while ASEAN is the EU's fifth largest trading partner. Total trade in 2011 in goods and services amounted to $265 billion. ASEAN had a surplus of $25 billion in its trade with the EU. The EU is the biggest provider of foreign direct investment into ASEAN, 24% of the total. [5]
Benefits Papua New Guinea has cited to ASEAN members from the country's accession might include tapping into Papua New Guinea's lead industries such as oil and gas, mining and seafood. [3] In 2015, Papua New Guinea appointed a special envoy to resolve issues related to ASEAN, demonstrating its determination to promote full membership of ASEAN.