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ASEAN Association of South East Asian Nations (Members States (Singapore,…
ASEAN
Association of South East Asian Nations
Members States
Singapore
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Brunei
Cambodia
Laos
Myanmar
History
Founded in 1967 for 5 members
Result
is a free trade area in Asia
Objectives
Politic cooperation for the peace and stability
Economic cooperation
Expansion of the trade
Preferential Tariffs
Normal Track Programmer
Fast Track Program
Commercial Liberation
Trade Opening
Philippines- 1996 tariffs reduction
Indonesia- Reduction in the protectionism 41%
Malasia- Tariffs elimination in more than 600 goods
Thailand- 1993 tariffs reduction
Economic Characteristic
11% of the GDP IN Asia
24% Exportations
23% Importations
17% Their population
Average growth of 5.7% from 1990 to 2010