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19-Business With Association of Southeast Asian Nations

19-Business With Association of Southeast Asian Nations

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Published by: frediz79 on Nov 27, 2011
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DOING BUSINESS WITHASSOCIATION OF SOUTHEASTASIAN NATIONS (ASEAN)
Learning Values:
After reading this chapter one can learn:1.The gamut of South East Asian economy, industry and infrastructure.2.Fast growing economies with their core competencies.3.India-ASEAN trade: both inward and outward.4.Emerging opportunities: sector wise.5.Major challenges and strategic approaches to succeedGeographic and ethnic closeness, eastward expansion for Indiancorporates and influence of Indian community in every walk of lifeone can see in the whole member nations of ASEAN. Today, major ventures of Indian business houses are striking in every sector inASEAN.
 
The Association of Southeast AsianNations or ASEAN was established on 8August 1967 in Bangkok by the fiveoriginal Member Countries, namely,Indonesia, Malaysia, Philippines,Singapore, and Thailand, as a display of solidarity against Communist expansionin Vietnam and insurgency within their own borders.Brunei Darussalam joinedon 8 January 1984, Vietnam on 28 July1995, Lao PDR and Myanmar on 23 July1997, and Cambodia on 30 April 1999.The ASEAN region has a populationof about 600 million, a total area of 4.5million square kilometers, a combinedgross domestic product of almost US$800 billion, and a total trade of aboutUS$ 850 billion.
Objectives:
The ASEAN Declaration states thatthe aims and purposes of theAssociation are:(1) To accelerate economic growth,social progress and culturaldevelopment in the region and(2) To promote regional peace andstability through abiding respect fo justice and the rule of law in therelationship among countries in theregion and adherence to the principles of the United Nations Charter.The ASEAN Vision 2020, adopted bythe ASEAN Leaders is outward looking,living in peace, stability and prosperity,bonded together in partnership indynamic development and in acommunity of caring societies.In 2003, the ASEAN Leadersresolved that an ASEAN Communityshould be established comprising threepillars, namely, ASEAN SecurityCommunity, ASEAN EconomicCommunity and ASEAN Socio-Cultural Community.
 
BruneiCambodiaIndonesiaLaosMalaysiaMyanmar PhilippinesSingaporeThailandVietnam
Seat of Secretariat
Jakarta
Secretary General
Ong Keng Yong
Area
4,480,000 km
2
Population
- Total (2005)- Density572,400,000122.3 people/km²
GDP
(2004)- Total- Total- GDP/capita- GDP/capita$2553.1 billion (PPP)$800.6 billion (Nominal)$4,639 (PPP)$1,455 (Nominal)
Formation
- SignedBangkok Declaration- 8 August 1967
 
Fundamental Principles:
 ASEAN Member Countries have adopted the following fundamental principles in their relationswith one another, as contained in the Treaty of Amity and Cooperation in Southeast Asia (TAC):
Mutual respect for the independence, sovereignty, equality, territorial integrity, andnational identity of all nations;
The right of every State to lead its national existence free from external interference,subversion or coercion;
Non-interference in the internal affairs of one another;
Settlement of differences or disputes by peaceful manner;
Renunciation of the threat or use of force; and
Effective cooperation among themselves.
Economic Indicators:
Recent Economic Indicators2001200220032004GDP (US$bn) (current prices)571.3636.8717.4800.6GDP PPP (US$bn) 2,037.202,176.102,345.502,553.10GDP per capita (US$)1,0891,1931,3241,455GDP per capita PPP (US$) 3,8834,0784,3304,639Real GDP growth (% change YOY)2.24.85.36.6Current account balance (US$ mil.)33,25635,79252,59453,144Current account balance (% GDP)5.85.67.36.6Inflation (% change YOY)4.94.83.54
Vision 2020:
In 1997, the ASEAN leaders adopted the ASEAN Vision 2020, which called for ASEANpartnership in dynamic development aimed at creating closer economic integration within theregion. The vision statement also resolved to create a stable, prosperous and highly competitiveASEAN Economic Region, in which there is a free flow of goods, services, investments, capital,and equitable economic development and reduced poverty and socio-economic disparities. TheHanoi Plan of Action, adopted in 1998, serves as the first in a series of plans of action leading upto the realization of the ASEAN vision.
ASEAN Members Background Information:
For 2005 (In US$)
 
Country
BruneiDarussalamCambodiaIndonesiaLao PDRMalaysia 
GDP Per Capita
25,751.3404.31,278.6479.95,008.5 
Country
MyanmarPhilippinesSingaporeThailandViet Nam
ASEANGDP Per Capita
199.41,154.526,880.72,720.8635.3
1,582.6

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