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ASEAN Integration Duron

ASEAN has established itself as a platform to promote unity, prosperity, and sustainability in Asia through economic and political cooperation among its member nations. It focuses on establishing connections both within the Asia-Pacific region and with other parts of the world. ASEAN is built on three pillars - political-security, economic, and socio-cultural cooperation. It has sought to deepen economic integration through initiatives like the ASEAN Economic Community and ASEAN Free Trade Area to create a common market and reduce tariffs between member states. The organization aims to further strengthen economic ties by creating a single market, competitive region, equitable development, and greater integration into the global economy.

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Krizea Marie Duron
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14 views

ASEAN Integration Duron

ASEAN has established itself as a platform to promote unity, prosperity, and sustainability in Asia through economic and political cooperation among its member nations. It focuses on establishing connections both within the Asia-Pacific region and with other parts of the world. ASEAN is built on three pillars - political-security, economic, and socio-cultural cooperation. It has sought to deepen economic integration through initiatives like the ASEAN Economic Community and ASEAN Free Trade Area to create a common market and reduce tariffs between member states. The organization aims to further strengthen economic ties by creating a single market, competitive region, equitable development, and greater integration into the global economy.

Uploaded by

Krizea Marie Duron
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Krizea Marie K.

Duron
JD III

ASEAN Integration

ASEAN has been establishing itself as a platform for Asian integrations and cooperations, working with other Asian
nations to promote unity, prosperity, development and sustainability of the region, as well as working on solutions to
resolve disputes and problems in the region. While mainly focusing on the Asia-Pacific nations, ASEAN also
established communications with other parts of the world, to better promote world peace and stability. The
organisation has a global reputation of promoting goodwill and diplomacy among nations, shutting out any biased
opinion or decision, and carrying the principle of non-interference. ASEAN is built on three pillars: the ASEAN
Political-Security Community (APSC), the ASEAN Economic Community (AEC), and the ASEAN Socio-Cultural
Community (ASCC).
ASEAN sought economic integration by creating the AEC by the end of 2015. This established a common
market. The average economic growth of ASEAN's member nations during 19892009 was between 3.8% and 7%.
This economic growth was greater than the average growth of the Asia-Pacific Economic Cooperation (APEC), which
was 2.8%.The ASEAN Free Trade Area (AFTA), which was established on 28 January 1992, includes a Common
Effective Preferential Tariff (CEPT) to promote the free flow of goods between member states. When the AFTA
agreement was originally signed, ASEAN had only six members: Brunei, Indonesia, Malaysia, the Philippines,
Singapore, and Thailand. Vietnam joined in 1995, Laos and Burma in 1997, and Cambodia in 1999. The newcomers
have not fully met AFTA's obligations, but they are officially considered part of the AFTA as they were required to sign
the agreement upon entry into ASEAN, and were given longer time frames in which to meet AFTA's tariff reduction
obligations.
The next steps are to create a: single market and production base, a competitive economic region, a region of
equitable economic development, and a region that is fully integrated into the global economy.

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