Association of Southeast Asian Nations

Influence The influence of ASEAN is growing in the Southeast of Asia, as a single entity, they would be the sixth largest economy in the world. That makes that countries like India and Australia are trying to stablish strong commercial and political relationships. For instance, the last ASEAN Summit was held in Australia, which is not a member of the Association. In this summit the Prime Minister of Australia, Malcolm Turnbull, made clear that they are working to improve the relationship with ASEAN and become “a family”. In fact, ASEAN has a free trade agreement with Australia and New Zealand, as well as with India and China, and they are planning to stablish more free trade deals with other countries of the region. ASEAN is the heart of Souteast Asia, and being in a good relationship with them means having impact on a region that right now is a hot spot. ASEAN in the Media Although the media reports in ASEAN, especially when they celebrate summits, they focus more in ...

The data provided by ASEAN shows that all the countries which belong to the organization export a bigger percentage of goods outside the association rather than inside it. The country which exports the most intra-ASEAN is Laos (49,6% out of total exports) and the one that exports the least is Cambodia (8,6%), which at the same time are the same ones which exports the least and the most extra-ASEAN (50,4% and 91,4% respectively). This also proves that the extra-exports of goods are more than three times higher than the intra-exports. Referring to the GDP per capita, the richest country has always been Singapore (one of the founding members) with 52,963$, followed by Brunei Darussalam with 26,493$ (which is the half). A curious fact which is worth to mention is that these particular two countries reduced their GDP per capita value from 2015 to 2016, while the poorest ones increased it. This phenomena determined the rise of the average to 4,034$, which is st...

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