Regional Economic Integration : ASEAN,
The Association of Southeast Asian Nations (ASEAN is a political and economic organisation of ten Southeast Asian countriesIts aims include accelerating economic growth, social progress, and sociocultural evolution among its members, protection of regional peace and stability, and opportunities for member countries to resolve differences peacefully.
The main goals of ASEAN include improving the economies of member countries, as well as protection and peace between the neighboring nations. The unification of these primarily smaller nations helps them to protect themselves and each other from outside conflicts. In fact, the original organization was formed to prevent the spread of communism in the 1960s. Much like other regional organization, ASEAN also seeks to promote progress and develop local cultures. Cultural activities range from athletic events to awards in literature.
ASEAN Member
1) Indonesia
2) Malaysia
3) Philippines
4) Singapore
5) Thailand
6) Brunei
7) Vietnam
8) Laos
9) Myanmar
10) Cambodia
The ASEAN–India Free Trade Area (AIFTA) is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and India. The initial framework agreement was signed on 8 October 2003 in Bali, Indonesia. and the final agreement was on 13 August 2009. The free trade area came into effect on 1 January 2010.India hosted the latest ASEAN-India Commemorative Summit in New Delhi on 20–21 December 2012. As of 2011-12, two-way trade between India & ASEAN stood at US$ 79.86 billion surpassing the US$ 70 billion target.
The Association of Southeast Asian Nations (ASEAN is a political and economic organisation of ten Southeast Asian countriesIts aims include accelerating economic growth, social progress, and sociocultural evolution among its members, protection of regional peace and stability, and opportunities for member countries to resolve differences peacefully.
The main goals of ASEAN include improving the economies of member countries, as well as protection and peace between the neighboring nations. The unification of these primarily smaller nations helps them to protect themselves and each other from outside conflicts. In fact, the original organization was formed to prevent the spread of communism in the 1960s. Much like other regional organization, ASEAN also seeks to promote progress and develop local cultures. Cultural activities range from athletic events to awards in literature.
ASEAN Member
1) Indonesia
2) Malaysia
3) Philippines
4) Singapore
5) Thailand
6) Brunei
7) Vietnam
8) Laos
9) Myanmar
10) Cambodia
The ASEAN–India Free Trade Area (AIFTA) is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and India. The initial framework agreement was signed on 8 October 2003 in Bali, Indonesia. and the final agreement was on 13 August 2009. The free trade area came into effect on 1 January 2010.India hosted the latest ASEAN-India Commemorative Summit in New Delhi on 20–21 December 2012. As of 2011-12, two-way trade between India & ASEAN stood at US$ 79.86 billion surpassing the US$ 70 billion target.
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