- November 19, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
Subject – IR
Context – ASEAN objects as China wants Myanmar junta to join summit
- It is a regional grouping that promotes economic, political, and security cooperation.
- It was established on 8th August 1967 in Bangkok, Thailand with the signing of the ASEAN Declaration (Bangkok Declaration) by the founding fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand.
- Ten Members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
- Chairmanship: It rotates annually, based on the alphabetical order of the English names of Member States.
- ASEAN countries have a total population of 650 million people and a combined Gross Domestic Product (GDP) of USD 2.8 trillion. It is India’s 4th largest trading partner with about USD 86.9 billion in trade.
- The group has played a central role in Asian economic integration, signing six free-trade agreements with other regional economies and helping spearhead negotiations for what could be the world’s largest free trade pact.