Association of Southeast Asian Nations (redirected from ASEAN Treaty)

Association of Southeast Asian Nations (ASEAN), organization established by the Bangkok Declaration (1967), linking the nations of Indonesia, Malaysia, Philippines, Singapore, and Thailand. Subsequently, Brunei (1984), Vietnam (1995), Laos (1997), Myanmar (1999), and Cambodia (1999) were admitted. The organization's secretariat is in Jakarta. ASEAN seeks to promote socioeconomic progress and regional stability through cooperation in banking, trade, technology, agriculture, industry, and tourism. Members agreed in 1992 to create the ASEAN Free Trade Area (AFTA), a regional common market, which became effective in 1993. Tariffs among the six oldest ASEAN nations are to be phased out by 2007; the rest of ASEAN will complete the process in 2012. At the same time, under an 2004 agreement with China, tariffs on many goods will be eliminated by 2010 with the ASEAN 6 and by 2015 with the rest. In 1995 a treaty proclaiming Southeast Asia a nuclear-weapons-free zone was signed by ASEAN members and then-prospective members Myanmar, Cambodia, and Laos. Members are also pledged to work together to promote foreign investment in the region. In 2005, ASEAN established the East Asia Summit as a broader regional forum for its members and China, South Korea, Japan, India, Australia and New Zealand.

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ASEAN

 in full Association of Southeast Asian Nations

International organization established by the governments of Indonesia, Malaysia, the Philippines, Singapore, and Thailand in 1967 to accelerate regional economic growth, social progress, and cultural development and to promote peace and security in the region. Brunei became a member in 1984, Vietnam in 1995, Laos and Myanmar (Burma) in 1997, and Cambodia in 1999. ASEAN became a leading voice on regional trade and security issues in the 1990s; in 1992 member nations created the ASEAN Free Trade Area.