(1998). The ASEAN Outstanding Scientist and Technologist Award is presented every three years to recognize nationally and internationally acclaimed achievements in the field. The ASEAN Declaration states that the aims and purposes of the association are to accelerate economic growth, social progress and cultural development in the region, to promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries in the … As all ASEAN countries have established aspirational goals for their development journeys over the next two to three decades, it As a free trade area, member countries expect ASEAN to ease the flow of goods and services in the region by liberalizing services such as … In 2006, ASEAN tied together 560 million people, about 1.7 million square miles of land, and a total gross domestic product (GDP) of US $1.1 trillion. ASEAN was preceded by an organisation formed on 31 July 1961 called the Association of Southeast Asia (ASA), a group consisting of Thailand, the Philippines, and the Federation of Malaya. The Association of Southeast Asian Nations (ASEAN) is a group of ten member countries that encourages political, economic, and social cooperation in the region. 4. Among the disadvantages of ASEAN are the risk of an influx of cheap imports flooding local markets and the existence of poor governance structures in some member countries. One of the organization’s aims is to promote technical and research cooperation among its members. made impressive economic achievements before the COVID-19 outbreak. It aims at increasing people to people contact and sharing of information among the SAARC members. In 1992, members created the ASEAN Free Trade Area with the goals of creating a single market, increasing intra-ASEAN trade and investments, and attracting foreign investment. 167-182. ASEAN itself was created on 8 August 1967, when the foreign ministers of five countries: Indonesia, Malaysia, the Philippines, Singapore, and Thailand, signed the ASEAN … Growth in South Asia accelerated to 6.9% in 2014 and is projected to trend higher to 7.2% in 2015 and 7.6% in 2016, reflecting the strong performance anticipated in India. 11, Thirty years of ASEAN, pp. ASEAN economic integration achievements and objectives – report highlights Click to download the full report on the ASEAN Economic Community ASEAN countries form a market of over 600 million consumers and combined GDP of almost US$3 trillion, with a vibrant and growing economy that presents fantastic … Thirty years of ASEAN: Achievements and challenges. The Association of Southeast Asian Nations (ASEAN) is a group of 10 nations in Southeast Asia that work together to promote political, economic, and cultural growth and solidarity. Today, … As Sri Rajiv Gandhi said, it concerns itself with the problems of self-reliance, eradication of poverty, illiteracy, malnutrition and disease in the area. Asean aims to promote collaboration and co-operation among member states, as well as to advance the interests of the region as a whole, including economic and trade growth. The Pacific Review: Vol.