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ASEAN hits 49th anniversary

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08 Aug ASEAN hits 49th anniversary

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SIIA Chairman Simon Tay was quoted by CNBC’s Cheang Ming in an article on ASEAN’s 49th Anniversary in August.

Asean was originally founded on August 8, 1967, through the signing of the Bangkok Declaration by Indonesia, Malaysia, Singapore, the Philippines and Thailand to promote economic cooperation and regional stability. Brunei, Vietnam, Laos, Myanmar and Cambodia joined later.

“Asean strengthens what would be small-to-medium sized economies into a cohesive economic bloc,” said associate professor Simon Tay, chairman of the Singapore Institute for International Affairs, “It becomes an interlocutor for trade relations between Asean and the rest of the world.”

Full Article: Asean hits 49th anniversary as it struggles with reaching consensus on South China Sea tensions, economic development [CNBC, 8 Aug 2016]

Photo Credit: Gunawan Kartapranata (CC BY-SA 3.0)