Asean Agreement By The Asean Member States And Explain How It Affects Philippines

On 3 May, at the third meeting of the Preparatory Committee for the 2005 Review Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons, ASEAN member States submitted a working paper on the status of the South-East Asian Nuclear-Weapon-Free Zone. The document deals with the establishment of SEANWFZ as a means of “contributing to general and complete nuclear disarmament” and the establishment of the SEANWFZ Commission and its Executive Committee to monitor compliance with the Treaty. He stressed that, in order to be effective and operational, the nuclear-weapon States must accede to the Protocol to the Treaty and urged them to do so as soon as possible. It also notes that ASEAN is conducting consultations to that end with the five nuclear-weapon States, but that only China has so far reached an agreement with ASEAN on the protocol. On 11 January, Malaysia ratified the ASEAN Counter-Terrorism Convention (ACCT), making it the tenth and last ASEAN member to do so. Today, thanks to agreements signed by ASEAN members, apples and chocolates have become more common than mangoes or medium bananas. On 10 January, France and East Timor signed the Treaty of Friendship and Cooperation (TAC). The two countries agreed not to attack or threaten ASEAN member states. East Timor reiterated its hopes of joining ASEAN at some point. There are many opportunities for investors who are aiming for business process outsourcing, electronics, agriculture, renewable energy, infrastructure and shipbuilding.

For more information, see www.investphilippines.gov.ph. Indeed, the United States was the first non-ASEAN nation to appoint an ambassador to the regional bloc in 2008, after which a dedicated ASEAN mission was set up in Jakarta, Indonesia. Over the past five years, the United States has spent about $4 billion on various development projects for the electoral districts of ASEAN member countries. At the 5th ASEAN Summit in Bangkok on 15 December, ASEAN leaders signed the SEANWFZ Treaty. The SEANWFZ parties currently have 10 ASEAN members. The idea of a SEANWFZ dates back to November 27, 1971, when the original five members of the ASEAN meeting in Kuala Lumpur signed a declaration on a zone of peace, freedom and neutrality (ZOPFAN). No DES NWS had yet signed the protocols, mainly following objections from the United States and France regarding the clear nature of security guarantees and definitions of zones (including exclusive economic zones). In April, the ASEAN Centre for Energy published the pre-feasibility Study on the Establishment of Nuclear Power Plant in ASEAN, which presents the latest developments and prospects in civil nuclear energy for ASEAN member states. As a founding member of ASEAN, the Philippines is a middle-income ASEAN member state, but is now considered the new tiger in Asia, given the strong growth. In 2012, Philippine GDP grew by 7.1 percent, exceeding economists` forecasts.

In the same year, the Philippine Stock Exchange Index set 38 records. FDI inflows have averaged $2 billion over the past six years and are expected to continue to increase if the country`s growth momentum continues. On 24 March, the Philippines deposited its instrument of ratification of the ASEAN Counter-Terrorism Convention (ACCT) and became, after Singapore and Thailand, the third State to ratify it. The ACCT will enter into force after ratification by six ASEAN member states. BIMP-EAGA (Brunei, Indonesia, Malaysia, and Philippines – East ASEAN Growth Area) was launched in 1994 as a cooperative initiative of Brunei Darussalam, Indonesia, Malaysia and the Philippines, all members of the Regional Association of South Asian Nations (ASEAN). The objective of the creation of BIMP-EAGA is to accelerate economic development in the “priority areas” of the four countries that, geographically distant from their national capitals, are closer to one another, in one of the most commodity-rich regions in the world. . . .