Association of Southeast Asian Nations
(ASEAN) is a political and economic
organization of ten 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, Cambodia, Laos, Myanmar
(Burma) and Vietnam. Its aims include
accelerating economic growth, social
progress, sociocultural evolution among
its members, protection of regional
peace and stability, and opportunities
for member countries to discuss differences
covers a land area of 4.46 million,
which is 3% of the total land area of
Earth, and has a population of approximately
600 million people, which is 8.8% of
the world's population. The sea area
of ASEAN is about three times larger
than its land counterpart. In 2012,
its combined nominal GDP had grown to
more than US$ 2.3 trillion. If ASEAN
were a single entity, it would rank
as the eighth largest economy in the
members of the Association of Southeast
Asian Nations will together become China's
top trading partners in the future.
During that time, trade between China
and the association, also known as ASEAN,
will increase at a faster rate than
that between any two other major economies,
said the China Council for the Promotion
of International Trade.
to zero tariffs, preferential trade
policies and geographic advantages,
both the increasing speed and scale
of that trade will be in the forefront
globally and ASEAN will become China's
No 1 trading partner.
ASEAN is made up of
Brunei, Cambodia, Indonesia, Laos, Malaysia,
Myanmar, the Philippines, Singapore,
Thailand and Vietnam.
has a free trade agreement with ASEAN.
It established the third-largest free
trade area in the world, just behind
the European Union and the North American
Free Trade Area.
overtook Japan to become China's third-largest
China's trade is increasing
rapidly with emerging economies at a
time that it is slowing down with developed