Page 10 - eBOOK 2023.pdf

ABOUT ASEAN

Quick facts
The ASEAN ten members: Brunei, Cambodia,
The Chairmanship of
Indonesia, Laos, Malaysia, Myanmar, Philippines,
ASEAN rotates annually,
Singapore, Thailand, and Vietnam.
based on the
ASEAN countries have a total population of
alphabetical order of the
650 million people and a combined gross
English names of Member
domestic product (GDP) of $2.8 trillion. The
States.
group has played a central role in Asian
If ASEAN was a single
economic integration, signing six free-trade
country, it would be the
agreements with other regional economies
seventh-largest economy
and helping spearhead negotiations for what
in the world.With a
could be the world’s largest free trade pact.
combined GDP of US$2.5
trillion, the region is
THREE PILLARS OF ASEAN already an economic

powerhouse and is set to
1. ASEAN Political-Security Community (APSC)
grow to become the
2. ASEAN Economic Community (AEC)
3. ASEAN Socio-Cultural Community (ASCC) - equivalent of the world's
the most crucial areas deemed necessary for fourth-largest economy
the progress and evolution of ASEAN and its by 2050.
peoples. ASEAN came into being
in 1967, just two years
ADVANTAGES OF ASEAN before the internet was

1.Reducing trade barriers between member created. As such, the
states and improving economic growth. impressive rise of ASEAN
2.Promoting regional peace and stability of its has coincided perfectly
members. with the Third Industrial

3.Increasing the tourism of the member states. Revolution, driven by
4.Improving human quality for ASEAN members. computers and
5.Participating in cultural exchange. communications.

F i g u r e 1 : M a p o f A S E A N
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