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). Indonesia, Malaysia, Philippines, Singapore and Thailand are the founding members of ASEAN. Brunei Darussalam then joined on 7 January 1984, Viet Nam on 28 July 1995, Lao PDR and Myanmar on 23 July 1997, and Cambodia on 30 April 1999, making up what is today the ten Member States of ASEAN. The motto of ASEAN is One Vision, One Identity, One Community. One of the objectives of ASEAN is to accelerate the economic growth, social progress and cultural development in the region through joint endeavours in the spirit of equality and partnership in order to strengthen the foundation for a prosperous and peaceful community of Southeast Asian Nations ASEAN-India trade grew at over 22 percent annually during the 2005-2011 period. Trade between India and ASEAN in 2011-2012 was increased by more than 37 per cent to $79 billion, which was more than the target of $70 billion set in 2009. At the 10th ASEAN-India Summit in New Delhi on December 20 2012, India and ASEAN concluded negotiations for FTAs in services and investments. The two sides expect bilateral trade to increase to $100 billion by 2015, and $200 billion within a decade.
Posted on: Fri, 18 Oct 2013 09:59:40 +0000
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