The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN: Indonesia, Malaysia, Philippines, Singapore and Thailand. Brunei Darussalam joined ASEAN on 7 January 1984, followed by Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, Cambodia on 30 April 1999, and Timor-Leste on 26 October 2025 making up what is today the eleven Member States of ASEAN.
ASEAN organs always strive to achieve ASEAN’s goals and objectives, the Secretary-General of ASEAN and the ASEAN Secretariat shall be functioned as coordinating Secretariat to help facilitate effective decision-making withing and amongst ASEAN bodies. In addition, each Member State shall appoint a Permanent Representative to liaise with Secretary-General of ASEAN and the ASEAN Secretariat
ASEAN shall develop friendly relations and mutually beneficial dialogues, cooperation and partnerships with countries and sub-regional, regional and international organisations and institutions. This includes external partners, ASEAN entities, human rights bodies, non-ASEAN Member States Ambassadors to ASEAN, ASEAN committees in third countries and international organisations, as well as international / regional organisations.
The rodmap for an ASEAN Community (2009-2015) was declared by the leaders in 2009. The ASEAN Community, anchored on three community pillars: Political-Security Community, Economic Community, Socio-Cultural Community was launched in 2015. The ASEAN 2025: Forging Ahead Together was introduced in 2015 as a Post-2015 Vision. It comprises the ASEAN Community Vision 2025, the ASEAN Political-Security Community Blueprint 2025, the ASEAN Economic Community Blueprint 2025 and the ASEAN Socio-Cultural Community Blueprint 2025
The Association of Southeast Asian Nations, or ASEAN, was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the Founding Fathers of ASEAN: Indonesia, Malaysia, Philippines, Singapore and Thailand. Brunei Darussalam joined ASEAN on 7 January 1984, followed by Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, Cambodia on 30 April 1999, and Timor-Leste on 26 October 2025 making up what is today the eleven Member States of ASEAN.
ASEAN organs always strive to achieve ASEAN’s goals and objectives, the Secretary-General of ASEAN and the ASEAN Secretariat shall be functioned as coordinating Secretariat to help facilitate effective decision-making withing and amongst ASEAN bodies. In addition, each Member State shall appoint a Permanent Representative to liaise with Secretary-General of ASEAN and the ASEAN Secretariat
ASEAN shall develop friendly relations and mutually beneficial dialogues, cooperation and partnerships with countries and sub-regional, regional and international organisations and institutions. This includes external partners, ASEAN entities, human rights bodies, non-ASEAN Member States Ambassadors to ASEAN, ASEAN committees in third countries and international organisations, as well as international / regional organisations.
The rodmap for an ASEAN Community (2009-2015) was declared by the leaders in 2009. The ASEAN Community, anchored on three community pillars: Political-Security Community, Economic Community, Socio-Cultural Community was launched in 2015. The ASEAN 2025: Forging Ahead Together was introduced in 2015 as a Post-2015 Vision. It comprises the ASEAN Community Vision 2025, the ASEAN Political-Security Community Blueprint 2025, the ASEAN Economic Community Blueprint 2025 and the ASEAN Socio-Cultural Community Blueprint 2025
ASEAN Member Countries recognize the importance of customs cooperation to facilitate the flow of goods across borders in the region. Various measures are currently being implemented to simplify and harmonize customs aspects of trade. These measures include the harmonization of tariff nomenclature,
Intra-ASEAN trade continues to show significant expansion as a result of the implementation of the CEPT Scheme for AFTA.Between 1993-94, intra-ASEAN exports of CEPT products, i.e. products covered by the CEPT Scheme, grew by 39.22% from $ 34.06 billion to $ 47.4 billion (see Table 12 and 13
Questions and Answers on AFTA
Q1. How does one determine the 40% ASEAN cumulative content.The formula for 40% ASEAN cumulative content is as follows:
Value of Imported + Value ofNon-ASEAN Materials, Un
The Fifth ASEAN Summit held in Bangkok on 14-15 December 1995 endorsed the decision to accelerate further the progress towards actualization of AFTA before the target date of year 2003. With this resolve, the next step is for Member Countries to look into maximizing the number of items with tariffs
Compared to other parts of the world, whether developed or developing, ASEAN has experienced a remarkably sustained period of economic Growth. Table 10 gives us an idea of how ASEAN’S economic performance over the recent past compares with that of other regions in the world. An important ingredie
The National AFTA Units, in Member Governments, and the AFTA Unit in the ASEAN Secretariat were established by the ASEAN Economic Ministers in their 26th Meeting in September 1995. The Units were created to more efficiently implement and monitor the CEPT Scheme for AFTA and provide a quick-response
Brunei DarussalamIndonesiaMalaysia
1. Monetary and Financial PoliciesThe Government intends to build a strong and stable national economic system, to maintain financial and monetary disciplines, to encourage domestic savings, to promote financilal liberalization within an appropriate period of time in consistent with other economic Policies Singapore’s economic policy is to promote the creation of national wealth through sustained and stable economic growth. A guiding principle of economic policy is the free market system, that is, to allow market forces to determine the pattern of trade. The Singapore Government seeks to e
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