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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. [2][3][4] It stands as one of the largest and most important free trade areas (FTA) in the ...
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 parity (PPP ...
The Regional Comprehensive Economic Partnership (RCEP / ˈɑːrsɛp / AR-sep) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. [2] The 15 member countries account for about 30% ...
Australia is an active participant in the ASEAN Regional Forum (ARF), and the ASEAN sponsored East Asia Summit. Australia's place at the 2005 inaugural summit was only secured after it agreed to reverse its policy and accede to ASEAN's Treaty of Amity and Cooperation in Southeast Asia .
ASEAN and China Cooperative Operations in Response to Dangerous Drugs: ASEAN–Australia Development Cooperation Programme: ... US-ASEAN Business Council: Washington DC:
Australia has a strong interest in the regional development of the Southeast Asian region, due to geographic proximity and socioeconomic interactions. Over 15 per cent of Australia's total trade involves countries within ASEAN, totalling over $100 billion in value in 2014. This number reached $224 billion in 2016. [2]
"A High Council of [the treaty] shall be the important component in the ASEAN Security Community since it reflects ASEAN's commitment to resolve all differences, disputes and conflicts peacefully." Papua New Guinea was the first country outside ASEAN to sign the treaty in 1989.
Member states of ASEAN. 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. It is headquartered in Jakarta.