What is the Association of Southeast Asia?

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Association of Nations Southeast Asia (ASEAN) was founded in 1967 to support economic, cultural, technical and political cooperation and promotion of Southeast Asia. ASEAN began with five member nations - Thailand, Indonesia, Philippines, Malaysia and Singapore. The Prime Ministers of these five nations met in Bangkok, Thailand, and ratified the declaration of an organization known as Bangkok, or Asean, a statement consisting of five articles and included the provision that the group would be opened to all Southeast Asian countries. Some of the main objectives of the statement were to support peace and stability in the region through cooperation and respect for the internal sovereignty of the Southeast Asian nations. He was born from a regional dispute between Indonesia, Philippines and Malaysia, and the Association of Southeast Asias were partially created as a way of alleviating further conflict. Another motivation to create an association was to unite a heterogeneous separate and fragmented economy of Southeast Asia to make withIt threw economic growth and ended relying on highly industrialized nations.

since 2010, with the addition of laos, Vietnam, Myanmar, Indonesia and Brunei, 10 Member States are the Association of Southeast Asia nations. Member States regularly meet at an organizational meeting called Asean Summit, during which they are working on regional questions. The region also organizes larger meetings such as the Summit East Asia (EAS), which includes the leader of 16 East Asia nations, and meetings Asia-Europe (ASEM), which seeks to increase the ties between Asia and Europe.

During the ninth ASEAN Summit in 2003, the Association of Nations Southeast Asia decided to adopt a blue -off for the complex ASEAN community, based on three pillars: economic community, socio -cultural community and political security community. These three columns are defined by a planned travel map that outlines timeOver the table to complete. The goals of the community plan reflect the principles of setting up the Bangkok declaration.

programs carried out by the Association of Southeast Nations include a regional time standard called ASEAN Common Time, and a blue card system, a regional plan for motor vehicle insurance that introduced coverage across the Asean Member Nations. Another program created by the Association in cooperation with China and South Korea was the Chiang Mai (CMI) initiative. CMI has created a currency reserve, denominated as an Asian monetary unit that could be used to alleviate short -term problems with the financial liquidity of the participating nations.