OBJECTIVES
The right of every State to lead its
1. To accelerate economic growth , social
progress and cultural development of
member countries
2. . To promote active collaboration and
mutual assistance in matters of
common interest
3. 3. To maintain close cooperation with
the existing international and regional
organisations with similar aims
4. 4. To ensure the stability of the South
East Asian region
WORKING OF ASEAN
 ASEAN countries have Preferential
Trading Arrangements (PTA) which
reduces tariffs on products traded
among member countries
 ASEAN has also developed a Common
Effective Preferential Tariffs (CEPT) in
1992 to reduce tariffs systematically for
manufactured and processed products
 This leads to an ASEAN free trade area
 Intra ASEAN trade covers only a small
percentage of total trade of the group
10 MEMBERS
1. Brunei Darussalam
2. Cambodia
3. Indonesia
4. Laos
5. Malaysia
6. Myanmar
7. Philippines
8. Singapore
9. Thailand
10. Vietnam
 The ASEAN Summit of Heads of
Governments of member countries is
the highest forum for ASEAN
cooperation
 Meetings are held once in three years
 The ASEAN Ministerial meeting of
foreign ministers is the next highest
decision making body
8. FUNDAMENTAL PRINCIPLES
1. Mutual respect for the independence,
sovereignty, equality, territorial integrity,
and national identity of all nations
2.
national existence free from external
interference, subversion, or coercion
3. Non-interference in the internal affairs of
one another
4. Settlement of differences or disputes by
peaceful manner
5. Renunciation of the threat or use of force
6. Effective cooperation among themselves.
ASEAN FREE TRADE AREA (FTA)
During the fourth ASEAN Summit in 1992 in
Singapore FTA was launched and came into
force in 2015 Some of the benefits to
member nations when FTA came into force
are:
 Free movement of goods, services and
investments
 Provide free access to all the markets of
member countries fostering growth
 FTA will improve business
competitiveness and narrow
development gaps between member
countries
ASEAN Political Security Community (APSC)
– Ensures that the people and Member
States of ASEAN live in peace with one
another and with the world at large in a
just, democratic and harmonious
environment
ASEAN Economic Community (AEC) –
Transforms ASEAN into a stable,
prosperous, and highly competitive region
with equitable economic development, and
reduced poverty and socio-economic
disparities
OVERVIEW OFASEAN COMMUNITY
• ASEAN Socio-Cultural Community (ASCC)
– Contributes to realizing an ASEAN
Community that is people-oriented and
socially responsible with a view to achieving
enduring solidarity and unity among the
peoples and Member States of ASEAN
 Narrowing the Development Gap
(NDG) ─ Progressing together through
cooperation in development
 INDIA AND ASEAN
India’s relationship with ASEAN started in
1992 when India became a “sectoral
dialogue partner” of ASEAN
 Offer more access to the ASEAN market
for India
 Geographic proximity of ASEAN
countries to India facilitates faster
exports and lower freight costs
 Total population is around 500 million
and this offers market for Indian
businesses
 Middle class population is on the rise in
the ASEAN regions thus the potential
market base will also increases

ASEAN PLUS THREE (APT)

 Is a forum that functions as a
coordinator of co-operation between
the Association of Southeast Asian
Nations and the three East Asian nations
of China, South Korea, and Japan
 It includes cooperation in the areas of
political and security; economic;
finance; tourism; agriculture and
forestry;
 Rural development and poverty
eradication; social welfare; youth;
women; civil service; labour; culture and
arts; information and media; education;
science, technology, and innovation;
and public heath.

•The ASEAN countries plus three countries

are preparing plan for the introduction of a
common Asian Currency Unit (ACU) to
facilitate trade in the region
 Introduction of such common currency
(on Euro Model) will lead to the creation
of single Asian market for trade purpose
 India may not be included in this group
initially but in due course along with
Australia and New Zealand