Association of Southeast Asian Nations is a geo-political and economic organization of 10 countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Membership has expanded since then to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. So there are 10 economies in ASEAN.
Aims of ASEAN:
- Acceleration of economic growth,
- Social progress,
- Cultural development among its members,
- The protection of the peace and stability of the region,
- To provide opportunities for member countries to discuss differences peacefully.ASEAN is a area with combined nominal GDP of USD $1.4 trillion in 2008.
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