Economic cooperation and interdependence between China and ASEAN: Two to tango?
Place of Publication
School of Business and Law
The Association of Southeast Asian Nations (ASEAN) was founded in August 1967 at the leaders’ meeting in Bangkok, with Indonesia, Malaysia, the Philippines, Singapore and Thailand being the founding nations and Brunei becoming the sixth member in 1984. ASEAN has since expanded into ten member states when it was joined by Vietnam in 1995, Lao PDR and Myanmar in 1997 and Cambodia in 1999. The basic objectives of ASEAN are to promote regional cooperation in security and politics as well as closer economic integration, social progress and cultural development of the region. With the implementation of ASEAN Free Trade Agreement (AFTA) since 1993, especially the ambitious target of creating an ASEAN Economic Community (AEC) allowing goods, services, capital and skilled labour to move freely across borders by 2015, ASEAN will be the largest regional integration in the developing world.