Course Summary:
ASEAN economic community. Population: 560 million. Gross domestic product: US$ 1,100 billion. Total trade: 1,400 billion. Areas: investment, industry, services, finance, agriculture, ...
The Association of Southeast Asian Nations or ASEAN was established on 1967
in Bangkok by the five original Member Countries:
Indonesia, Malaysia,
Philippines, Singapore, and
Thailand.
Brunei Darussalam
joined on 1984, Vietnam on 1995, Laos and
Myanmar on 1997, and Cambodia 1999.
As of 2006, the ASEAN region has a population of about 560 million, a total area of 4.5 million square kilometers, a combined gross domestic product of almost US$ 1,100 billion, and a total trade of about US$ 1,400 billion.
Today, ASEAN economic cooperation covers the following areas: trade,
investment, industry, services, finance, agriculture,
forestry, energy,
transportation and communication, intellectual property,
small and medium enterprises, and tourism.
The ASEAN Economic Community shall be the end-goal of
economic integration measures as outlined in the ASEAN Vision 2020. Its goal is to create a stable, prosperous and highly competitive ASEAN economic region in which there is a
free flow of goods, services, investment and a freer
flow of capital, equitable economic development and reduced poverty and socio-economic disparities in year 2020.
The ASEAN Free Trade Area (AFTA) has now been virtually established. ASEAN Member Countries have made significant progress in the lowering of intra-regional tariffs through the
Common Effective Preferential Tariff (CEPT) Scheme for AFTA. More than 99 percent of the products in the CEPT Inclusion List (IL) of ASEAN-6, comprising Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore and Thailand, have been brought down to the 0-5 percent tariff range.
The ASEAN Plus Three cooperation began in December 1997 with the convening of an informal Summit among the Leaders of ASEAN and their counterparts from East Asia, namely
China,
Japan and the Republic of Korea (ROK) at the sidelines of the Second ASEAN Informal Summit in Malaysia.
Sample of the Course:
Member Countries:
Brunei Darussalam,
Cambodia,
Indonesia,
Laos,
Malaysia,
Myanmar,
Philippines,
Singapore,
Thailand and
Vietnam.
Asia Scholarships
Association, Southeast, Asian, Nations, ASEAN, Free, Trade, Area, AFTA, Population, Gross, domestic, product, trade, investment, industry, services, finance, agriculture, Master, International Business
