ASEAN/The Association of Southeast Asian Nations

The Association of Southeast Asian Nations,commonly abbreviated ASEAN is a geo-political and economic organization of 10 countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand.Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. Its aims include the acceleration of economic growth, social progress, cultural development among its members, the protection of the peace and stability of the region, and to provide opportunities for member countries to discuss differences peacefully.
Unlike the European Union or CARICOM, ASEAN is a loose grouping of countries like the Commonwealth of Nations.

In 2005, the bloc spanned over an area of 4.46 million km2 with a combined GDP (Nominal/PPP) of about USD$896.5 billion/$2,728 billion growing at an average rate of around 5.6% per annum. In 2008, its combined GDP had grown to more than USD $1.5 trillion with a population of approximately 580 million people (8.7% of the world population).

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