Association of Southeast Asian Nations-ASEAN

ASEAN, ASEAN countries, ASEAN summit, 2017,2018, AESEN full form, Association of Southeast Asian Nations, Southeast nations, members, ASEAN wiki

  • ASEAN started with the members – Thailand, Indonesia, Malaysia, Philippines, and Singapore
  • Established on 8th August 1967 -Bangkok, Thailand.
  • Others who joined in order-Brunei, Vietnam, Laos and Myanmar, Cambodia.
  • ASEAN as a group is 6th largest economy with 4.4 million hectares and 3.3 percent in land.
  • ASEAN Infrastructure Fund: For funding infrastructure from 2011 to 2020.
  • The ASEAN economic community blueprint 2025 overwrites its previous AEC and addresses in areas like non-trade barriers and trade in services.

ASEAN Summit 2017:

  • 31st summit in Manila, Philippines.
  • Theme-Parting for change engaging the future.
  • 15th Indian ASEAN summit and RCEP took place during the Summit
  • Kaladana project in Myanmar-India promised to help building it.
  • MODI gave 2 rice seed varieties to INTERNATIONAL GENE bank to International RICE research INSTI to reduce global hunger.

Importance:

  • ASEAN has played a crucial role of contributing to political and economic stability in the region.
  • India signed a FTA in goods in 2009 and an FTA in services and investments in 2014 with ASEAN.
  • India has a Comprehensive Economic Cooperation Agreement (CECA) with various countries of the ASEAN region which has resulted in concessional trade and a rise in investments.
  • Two decades of the Look East Policy, now renamed as Act East Policy by the government, have brought some positive results for India in making ASEAN an important regional partner.

Challenges:

  • ASEAN Countries see India as an alternative to the growing disturbances in South China Sea.
  • Members have failed to negotiate on Declaration on the Conduct of the Parties in the South China Sea.
  • They have 10 different tax systems in place.

Venue of 2018 ASEAN summit: Singapore

ASEAN’s official website:

ASEAN | ONE VISION ONE IDENTITY ONE COMMUNITY



ASEAN, ASEAN countries, ASEAN summit, 2017,2018, AESEN full form, Association of Southeast Asian Nations, Southeast nations, members, ASEAN wiki, ASEAN, ASEAN countries, ASEAN summit, 2017,2018, AESEN full form, Association of Southeast Asian Nations, Southeast nations, members, ASEAN wiki
ASEAN, ASEAN countries, ASEAN summit, 2017,2018, AESEN full form, Association of Southeast Asian Nations, Southeast nations, members, ASEAN wiki, ASEAN, ASEAN countries, ASEAN summit, 2017,2018, AESEN full form, Association of Southeast Asian Nations, Southeast nations, members, ASEAN wiki
ASEAN, ASEAN countries, ASEAN summit, 2017,2018, AESEN full form, Association of Southeast Asian Nations, Southeast nations, members, ASEAN wiki, ASEAN, ASEAN countries, ASEAN summit, 2017,2018, AESEN full form, Association of Southeast Asian Nations, Southeast nations, members, ASEAN wiki

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