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The ASEAN Timeline: Key Dates Leading Up to the 2015 ASEAN Economic Community (AEC) Integration
August 1967 Indonesia, Malaysia, Philippines, Singapore and Thailand establishes ASEAN through the ASEAN declaration (also referred to as the Bangkok Declaration). The declaration was signed by the deputy prime minister for Malaysia, and the foreign ministers and secretaries from the other nations.
January 1984
Brunei Darussalam joins ASEAN.January 1992
ASEAN creates the Common Effective Preferential Tariff (CEPT) Scheme for the ASEAN Free Trade Area (AFTA). Both CEPT and AFTA were created to increase the region’s global competi-tive advantage as a production base.
July 1994The ASEAN Regional Forum was established (ARF) focused on security interdependence in the Asia Pacific region. This was participated in by the 10 member states and the 10 dialogue partners: Australia, Canada, EU, India, Japan, South Korea, Russia, New Zealand, and US.
July 1995
Vietnam joins ASEAN.July 1997
Laos and Myanmar joins ASEAN. December 1997
December 1997
The association adapts the ASEAN Vision 2020. This vision was created for the promotion of regional cooperation in the “spirit of equality and partnership”. This is the precursor of the AEC. ASEAN signed the Southeast Asian
Nuclear Weapon Free Zone Treaty (also called the Bangkok Treaty of 1995), a nuclear weapons moratorium which prohibits member states to develop, manufacture, acquire, possess or control nuclear weapons.
December 1997
April 1999Cambodia joins ASEAN.
October 2003
December 2005
December 2006
January 2007
November 2007
ASEAN signs the Bali Concord II which is the catalyst for the creation of a single market and elimination of tariff and non-tariff roadblocks within the region, as well as the promotion of a democratic peacekeeping process.
First East Asia Charter was held with 16 countries in the East Asia region.
ASEAN granted observer status at United Nations General Assembly.
ASEAN leaders decided to accelerate the realisation of the regional integration to 2015.
Cebu Declaration on East Asian Energy Security which advocates for the search of alternate energy sources for energy security within the region.
Signing of the ASEAN Charter, a constitution to serve as guiding principles and conduct for the 10 member states.
December 2008
February 2013
February 2009
The ASEAN leaders met and addressed the need to turn ASEAN into a legal entity that will create a single free-trade area.A Free Trade Agreement was under-
taken between ASEAN and Australia and New Zealand which is expected to boost GDP across the parties involved by $48 billion from 2010-2020.
The first round of negotiations between the ASEAN and the six major trading partners were held on the establishment of regional comprehensive economic partnership.
2015
The ASEAN Economic Community is expected to be established in 2015, a move that is expected to open up the economies of the member states in a grand scale. The move is set to increase trade and investment opportunities and improve the general economic atmosphere. The AEC aims to achieve:
(a) A single market and production base, (b) A highly competitive economic region, (c) A region of equitable economic development, and (d) A region fully integrated into the global economy
ASEAN plus Three (APT) Cooperation was created to improve existing ties with China, Japan and South Korea.
Bring your business to the Asian Tigers.Grow your business with us. Introduce your brands and services to Hong Kong and the Southeast Asian region. We are here to help make it happen. Seamlessly, effectively.
Contact: Fred Tshidimba [email protected] www.eastcube.eu
Belgium +32 2 7810245Hong Kong +85 2 580 14448USA +1 213 2395716
Bring your business to the Asian Tigers.Grow your business with us. Introduce your brands and services to Hong Kong and the Southeast Asian region. We are here to help make it happen. Seamlessly, effectively.
Contact: Fred Tshidimba [email protected] www.eastcube.eu
Belgium +32 2 7810245Hong Kong +85 2 580 14448USA +1 213 2395716
