What is ASEAN?

ASEAN Includes Ten Southeast Asian Countries with a $2.4 Trillion Economy and Population of 626 Million That Will Form the ASEAN Economic Community (AEC) in 2015—One of the Largest Markets in the World

ASEAN, the Association of Southeast Asian Nations, was founded in 1967 “to strengthen further the existing bonds of regional solidarity and cooperation.” From the original five member countries, ASEAN has grown to ten members covering more than 1.7 million square miles—over half the size of the continental United States—and a population of 626 million with an economy valued at $2.4 trillion. The ASEAN Treaty of Amity and Cooperation (TAC) lays out the key principles of non-interference and cooperative dispute resolution for members. The US acceded to the TAC in 2009 enabling it to participate in the East Asia Summit. The ASEAN Economic Community (AEC), which is scheduled for implementation in December 2015, aims to create one of the largest single market economies in the world, facilitating the free movement of goods, services, and professionals.

ASEAN Map

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ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN)
ASEAN Secretariart: Jakarta
Population: 626 million
Chair rotates among member states.
BRUNEI DARUSSALAMFlag of Brunei
Capital: Bandar Seri Begawan
Population: 0.4 million
Member Since: 1984
US-Brunei treaty relations have been active since 1850
INDONESIAFlag of Indonesia
Capital: Jakarta
Population: 248 million
Member Since: 1967
World’s fourth largest country by population
CAMBODIAFlag of Cambodia
Capital: Phnom Penh
Population: 15 million
Member Since: 1999
The United States is Cambodia’s largest trading partner
LAOSFlag of Laos
Capital: Vientiane
Population: 7 million
Member Since: 1997
Laos joined the World Trade Organization in 2013
MALAYSIAFlag of Malaysia
Capital: Kuala Lumpur
Population: 30 million
Member Since: 1967
The United States is the largest investor in Malaysia
SINGAPORE Flag of Singapore
Capital: Singapore
Population: 5 million
Member Since: 1967
First US Free Trade Agreement partner in Asia
MYANMAR (BURMA)Flag of Myanmar
Capital: Nay Pyi Taw
Population: 65 million
Member Since: 1997
Myanmar is America’s newest trading partner
THAILANDFlag of Thailand
Capital: Bangkok
Population: 68 million
Member Since: 1967
America’s oldest treaty partner in Asia, starting in 1833
THE PHILIPPINESFlag of the Philippines
Capital: Manila
Population: 97 million
Member Since: 1967
Largest Filipino population outside the Philippines is in the US
VIETNAM Flag of Vietnam
Capital: Hanoi
Population: 90 million
Member Since: 1995
Trade relations with the US reestablished in 1994

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ASEAN Is the 3rd Largest Economy in Asia and the World’s 7th Largest

ASEAN is the second-fastest growing economy in Asia after China, expanding by 300% since 2001 and exceeding the global growth average for the past 10 years. Today, ASEAN has a combined GDP of $2.4 trillion and a consumer base of 626 million. ASEAN’s growing middle class, purchasing power, and trade ties all point to greater US-ASEAN benefits over time. ASEAN has five regional free trade agreements with Australia and New Zealand, China, Japan, Korea, and India.

Per Capita GDPGDP Growth

GDP Comparisons

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