South Korea-ASEAN Free Trade Agreement Signing in Cebu
2007 · Cebu, Philippines
South Korea signs a free trade agreement with the Association of Southeast Asian Nations (ASEAN) in Cebu.
August 8, 1967
The Association of Southeast Asian Nations (ASEAN) was founded in Bangkok, Thailand, by Indonesia, Malaysia, the Philippines, Singapore, and Thailand to promote political and economic cooperation and regional stability.
Bangkok, Thailand | ASEAN
On August 8, 1967, the Association of Southeast Asian Nations (ASEAN) was officially founded in Bangkok, Thailand. This significant event marked the beginning of a regional organization aimed at promoting political and economic cooperation, as well as ensuring regional stability among its member states. The founding members of ASEAN were Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
The 1960s were a period of significant geopolitical tension in Southeast Asia, characterized by the Cold War’s influence, regional conflicts, and the need for economic development. The founding of ASEAN was a strategic move by these nations to foster collaboration and unity in the face of external pressures and internal challenges. The organization was established in the wake of the Konfrontasi (Confrontation) between Indonesia and Malaysia, which underscored the need for a platform to resolve disputes and promote peace.
The primary objectives of ASEAN, as outlined in the Bangkok Declaration, were:
The establishment of ASEAN was a pivotal moment in Southeast Asian history. It laid the groundwork for a cooperative framework that has since expanded to include ten member states, with Brunei, Vietnam, Laos, Myanmar, and Cambodia joining in subsequent years. ASEAN has played a crucial role in fostering dialogue and cooperation on economic, political, security, and socio-cultural issues.
Over the decades, ASEAN has worked towards economic integration, culminating in initiatives like the ASEAN Free Trade Area (AFTA) and the ASEAN Economic Community (AEC). These efforts have significantly boosted trade and investment within the region, contributing to its economic dynamism.
ASEAN has also been instrumental in promoting political and security cooperation. The ASEAN Regional Forum (ARF) and the East Asia Summit (EAS) are platforms that facilitate dialogue on security issues, helping to maintain peace and stability in the region.
The founding of ASEAN on August 8, 1967, was a landmark event that has had a lasting impact on Southeast Asia. By fostering cooperation and unity among its member states, ASEAN has contributed to the region’s economic prosperity and political stability, making it a key player on the global stage.
Source: www.britannica.com