ASEAN Summit – Economics – Free PDF Download

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Vietnam chaired the Association of Southeast Asian Nations (ASEAN) summit held online.
The discussions pertained to the impact of Covid-19 on southeast Asia.
Leaders from China, Japan and South Korea joined the summit.

Association of Southeast Asian Nations

ASEAN is a regional grouping that promotes economic, political, and security cooperation.
It was established on 8 August 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration) by the founding fathers of ASEAN, namely Indonesia, Malaysia, Philippines, Singapore and Thailand.
Ten members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Chairmanship of ASEAN rotates annually, based on the alphabetical order of the English names of Member States.
ASEAN countries have a total population of 650 million people and a combined Gross Domestic Product (GDP) of $2.8 trillion.
The group has played a central role in Asian economic integration, signing six free-trade agreements with other regional economies and helping spearhead negotiations for what could be the world’s largest free trade pact.

ASEAN leaders have warned of the crippling economic cost of Covid-19 and called for trade routes to reopen to protect jobs and food supplies, as well as the stockpiling of medical equipment.
The Covid-19 has ruined the region’s tourism and export-reliant economies.
Vietnam has urged Southeast Asian leaders to set up an emergency fund to tackle the coronavirus.

ASEAN leaders have warned of the crippling economic cost of Covid-19 and called for trade routes to reopen to protect jobs and food supplies, as well as the stockpiling of medical equipment.
The Covid-19 has ruined the region’s tourism and export-reliant economies.
Vietnam has urged Southeast Asian leaders to set up an emergency fund to tackle the coronavirus.
A recent surge in cases in Singapore has raised fears the pandemic could rebound in places which had batted back the initial outbreak.
The Thai economy, the second largest in ASEAN, is expected to shrink by 5.3% in 2020 — a 22-year low — with millions left jobless.