ASEAN was established in 1967 and currently has 10 member countries. It was formed to promote economic growth, cultural development, and peace in Southeast Asia. Key goals included establishing cooperation through reducing tariffs and expanding trade. ASEAN operates through consensus-based decision making and non-interference in country affairs. Major activities include establishing free trade areas to liberalize investment and goods movement between member economies. ASEAN has expanded relations with countries like India through regional forums and trade agreements.
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ASEAN was established in 1967 and currently has 10 member countries. It was formed to promote economic growth, cultural development, and peace in Southeast Asia. Key goals included establishing cooperation through reducing tariffs and expanding trade. ASEAN operates through consensus-based decision making and non-interference in country affairs. Major activities include establishing free trade areas to liberalize investment and goods movement between member economies. ASEAN has expanded relations with countries like India through regional forums and trade agreements.
ASEAN was established in 1967 and currently has 10 member countries. It was formed to promote economic growth, cultural development, and peace in Southeast Asia. Key goals included establishing cooperation through reducing tariffs and expanding trade. ASEAN operates through consensus-based decision making and non-interference in country affairs. Major activities include establishing free trade areas to liberalize investment and goods movement between member economies. ASEAN has expanded relations with countries like India through regional forums and trade agreements.
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ASEAN was established in 1967 and currently has 10 member countries. It was formed to promote economic growth, cultural development, and peace in Southeast Asia. Key goals included establishing cooperation through reducing tariffs and expanding trade. ASEAN operates through consensus-based decision making and non-interference in country affairs. Major activities include establishing free trade areas to liberalize investment and goods movement between member economies. ASEAN has expanded relations with countries like India through regional forums and trade agreements.
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ASEAN
(ASSOCIATION OF SOUTHEAST ASIAN
NATION)
PRESENTED BY: ARUN
HISTORY OF ASEAN ASEAN was preceded by an organisation called the Associates of Southeast Asia, commonly called ASA, an alliance consisting of the Philippines, Malaysia and Thailand that was formed in 1961.
The bloc itself, however, was established on 8 August
1967, when foreign ministers of five countries– Indonesia, Malaysia, the Philippines, Singapore, and Thailand– met at the Thai Department of Foreign Affairs building in Bangkok and signed the ASEAN Declaration, more commonly known as the Bangkok Declaration. Which are the ASEAN COUNTRIES? ASEAN was formed on 8th Aug 1967 by foreign minister’s of 5 countries located in Southeast Asia signed an agreement in Bangkok. The country name as follows: •Indonesia, •Malaysia, •the Philippines, •Singapore, •Thailand, Later joined the group as follows: •Brunei – on 8 Jan 1984. •Vietnam – on 28 Jul 1995. •Laos – on 23 Jul 1997. ASEAN FLAG •Burma (Myanmar) – on 23 Jul 1997 & •Cambodia – on 30 Apr 1999. Why was ASEAN formed? ASEAN aim and purpose is to promote: Economic growth, Social progress, Cultural Development among its member countries; Protection of peace & stability in the region; To provide opportunities for member countries to discuss differences peacefully; To provide assistance to each other in the form of training and research facilities in the educational, professional, technical and administrative spheres; To collaborate more effectively for the greater utilisation of their agriculture and industries, the expansion of their trade. ASEAN motto is "One Vision, One Identity, One Community" ASEAN ACTIVITIES In 1990 -East Asia Economic Caucus
In 1992 -Common Effective Preferential Tariff (CEPT)
In 1997 -Chiang Mai Initiative
In 2001 -Nuclear weapon-free zone
In 2002 -Trans boundary Haze Pollution
In 2005 -The ASEAN-Wildlife Enforcement Network and the Asia-
Pacific Partnership on Clean Development and Climate ASEAN WAYS mutual respect for the independence, sovereignty, equality, territorial integrity, and national identity of all nations; the right of every State to lead its national existence free from external interference, subversion or coercion; non-interference in the internal affairs of one another; settlement of differences or disputes by peaceful manner; renunciation of the threat or use of force; and effective cooperation among themselves. All of these features, namely non-interference, informality, minimal institutionalisation, consultation and consensus, non-use of force and non-confrontation have constituted what is called the ASEAN Way. ASEAN SUMMIT The organisation holds meetings, known as the ASEAN Summit, where heads of government of each member meet to discuss and resolve regional issues, as well as to conduct other meetings with other countries outside of the bloc with the intention of promoting external relations. Formal Summit was first held in Bali, Indonesia in 1976. The formal summit meets for three days. The usual itinerary is as follows: Leaders of member states would hold an internal organisation meeting. Leaders of member states would hold a conference together with foreign ministers of the ASEAN Regional Forum. A meeting, known as ASEAN Plus Three, is set for leaders of three Dialogue Partners (People's Republic of China, Japan, South Korea) A separate meeting, known as ASEAN-CER, is set for another set of leaders of two Dialogue Partners (Australia, New Zealand) ASEAN FREE TRADE AREA (AFTA) The foundation of the AEC is the ASEAN Free Trade Area (AFTA), a common external preferential tariff scheme to promote the free flow of goods within ASEAN. An agreement by the member nations of ASEAN concerning local manufacturing in all ASEAN countries.
Signed on 28 January 1992 in Singapore.
ASEAN initially signed by 6 countries-Brunei, Indonesia,
Malaysia, the Philippines, Singapore and Thailand. Vietnam joined in 1995, Laos and Myanmar in 1997, and Cambodia in 1999. WHAT ARE THE OBJECTIVES OF AFTA
To encourage inflow of foreign investment into this
region.
To establish free trade area in the member countries.
To reduce tariff of the products produced in ASEAN
countries. AFTA with other countries ASEAN has concluded free trade agreements with China, Canada, European union, United States, Korea, Japan, Australia, Russia, Pakistan, New Zealand and most recently India. Comprehensive Investment Area The ASEAN Comprehensive Investment Area (ACIA) will encourage the free flow of investment within ASEAN. All industries are to be opened up for investment
National treatment is granted immediately to ASEAN investors
Elimination of investment impediments
Streamlining of investment process and procedures
Enhancing transparency
Undertaking investment facilitation measures.
INDIA – ASEAN FTA The India-ASEAN Free Trade Agreement (FTA) was finally signed, on 13 August 2009 at Bangkok, after six years of negotiations.
The agreement is only for trade-in-goods and did not include
software and information technology.
The AIFTA would eliminate tariffs on about 4000 products
by the year 2013 and 2016. Objectives of AIFta? strengthen and enhance economic, trade and investment co-operation between the Parties;
progressively liberalise and promote trade in goods and
services as well as create a transparent, liberal and facilitative investment regime;
explore new areas and develop appropriate measures for
closer economic co-operation between the Parties; and
facilitate the more effective economic integration of the
new ASEAN Member States and bridge the development gap among the Parties. INDIA – ASEAN RELATIONS
In 1992 - India became a sectoral dialogue partner of
ASEAN.
In 1995- ASEAN invited India to become a full dialogue
partner of ASEAN.
In 1996 – India became the member of the ASEAN Regional
eg. Mekong-Ganga-Cooperation (MGC) and the BIMST-EC India –ASEAN CURRENT ISSUES India is negotiating with ASEAN in order to expand the trade on request-basis for the following:
INVESTMENT
SERVICES
The two sides aim to increase their USD 44-billion trade to