- What is it?: It is a regional organisation that was established to promote political and social stability amid rising tensions among the Asia-Pacific’s post-colonial states.
- Motto: “One Vision, One Identity, One Community”.
- ASEAN Secretariat: Indonesia, Jakarta.
- Formation: Based on the ASEAN Declaration (Bangkok Declaration) in 1967.
- Founding Countries: Indonesia, Malaysia, Philippines, Singapore and Thailand.
- Significance
- Economic Growth and Trade: ASEAN is a major player in promoting regional economic growth, with a focus on free trade and economic integration. The ASEAN Free Trade Area (AFTA) is a key initiative to reduce tariffs and promote trade.
- Political Stability: The organization works toward maintaining peace and security in Southeast Asia, acting as a mediator in regional conflicts and promoting diplomatic dialogue.
- Global Influence: ASEAN plays an important role in global forums such as the East Asia Summit and engages in strategic partnerships with major global powers, including India.