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1 - Introduction

Published online by Cambridge University Press:  05 May 2015

Siow Yue Chia
Affiliation:
Singapore Institute of International Affairs
Michael G. Plummer
Affiliation:
The Johns Hopkins University
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Summary

The 1967 Bangkok Declaration established the Association of Southeast Asian Nations (ASEAN) by the five founding members of Indonesia, Malaysia, the Philippines, Singapore and Thailand. ASEAN was joined by Brunei (hereafter collectively referred to as the ASEAN 6) in 1984 and by Cambodia, Laos, Myanmar and Vietnam (hereafter collectively referred to as CLMV) in 1995 – 9. The twopage ASEAN Declaration contains the aims and purposes of the Association, which include cooperation in the economic, social, cultural, technical, educational and other fields, the promotion of regional peace and stability through abiding respect for justice and the rule of law, and adherence to the principles of the United Nations Charter. The initial objective of ASEAN was to prevent regional conflicts, build mutual confidence and promote regional stability and security so as to lay the regional foundation for the pursuit of economic development. Reference to economic cooperation was partly to dispel suspicions of ASEAN being a military alliance. It is to be noted that in the early years only ASEAN foreign ministers met regularly.

A new era of economic cooperation and integration began with the first ASEAN Summit of heads of state in 1976, followed by meetings of economic ministers. Economic cooperation schemes began in 1977 with the ASEAN Preferential Trading Arrangement (ASEAN PTA), followed by several industrial cooperation schemes. In 1992, in response to a rapidly changing global economic and strate gic environment, ASEAN took the first serious step towards economic integration with the agreement on the ASEAN Free Trade Area (AFTA). This was followed in 1995 by the ASEAN Framework Agreement on Services (AFAS), and in 1998 by the agreement on the ASEAN Investment Area (AIA).

It should be recalled that in 1992 India was still mostly an inwardlooking, poor country dealing with a major financial crisis and China was growing but still a relatively minor player in international markets.

Type
Chapter
Information
ASEAN Economic Cooperation and Integration
Progress, Challenges and Future Directions
, pp. 1 - 4
Publisher: Cambridge University Press
Print publication year: 2015

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  • Introduction
  • Siow Yue Chia, Michael G. Plummer, The Johns Hopkins University
  • Book: ASEAN Economic Cooperation and Integration
  • Online publication: 05 May 2015
  • Chapter DOI: https://doi.org/10.1017/CBO9781316218587.002
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  • Introduction
  • Siow Yue Chia, Michael G. Plummer, The Johns Hopkins University
  • Book: ASEAN Economic Cooperation and Integration
  • Online publication: 05 May 2015
  • Chapter DOI: https://doi.org/10.1017/CBO9781316218587.002
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Siow Yue Chia, Michael G. Plummer, The Johns Hopkins University
  • Book: ASEAN Economic Cooperation and Integration
  • Online publication: 05 May 2015
  • Chapter DOI: https://doi.org/10.1017/CBO9781316218587.002
Available formats
×