What is your own vision for the ASEAN by 2025?
Our ASEAN Economic Community by 2025 shall be highly integrated and cohesive; competitive, innovative and dynamic; with enhanced connectivity and sectoral cooperation; and a more resilient, inclusive, and people-oriented, people-centred community, integrated with the global economy. 10.
What is the purpose of Asean Charter?
The ASEAN Charter serves as a firm foundation in achieving the ASEAN Community by providing legal status and institutional framework for ASEAN. It also codifies ASEAN norms, rules and values; sets clear targets for ASEAN; and presents accountability and compliance.
What is the ASEAN Vision 2020?
The ASEAN Vision 2020, adopted by the ASEAN Leaders on the 30th Anniversary of ASEAN, agreed on a shared vision of ASEAN as a concert of Southeast Asian nations, outward looking, living in peace, stability and prosperity, bonded together in partnership in dynamic development and in a community of caring societies.
What are the achievements of ASEAN?
First, ASEAN has preserved peace and stability in the region. In 2015, ASEAN established the ASEAN Community, which consists of a political and security community, economic community and socio-cultural community. This was a substantial step toward regional integration.
What is ASEAN integration all about?
ASEAN economic integration is the economic integration as a development strategy. The goal was to participate in the global supply chain and measures to achieve that goal were attracting foreign capital and concluding FTAs with countries outside the region.
What are the advantages of a country belonging to ASEAN?
Cheaper goods and services
Other than better travel options, ASEAN also gives nations within the region to do more trade for goods and services. Tax on imported goods is lowered or even eliminated.
How important is ASEAN?
It’s been said that if ASEAN were a single country, it would be the world’s fifth-largest economy. In 2014, the U.S. and the 10 ASEAN nations traded more than $250 billion in goods and services, representing about 8 percent of all U.S. trade and making ASEAN our nation’s fourth-largest trading partner.
Is ASEAN successful?
Despite its unprecedented diversity, ASEAN has brought durable stability and prosperity to 655 million people in Southeast Asia. In an era of growing cultural pessimism, ASEAN is a miraculous counterexample of coexistence.