ASEAN – Australia – New Zealand Free Trade Area
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ASEAN – Australia – New Zealand Free Trade Area
The Association of Southeast Asian Nations, commonly abbreviated as ASEAN, is a regional grouping of 10 Sovereign state, states in Southeast Asia "that aims to promote economic and security cooperation among its ten members." Together, its member states represent a population of more than 600 million people and land area of over . The bloc generated a purchasing power parity (PPP) gross domestic product (GDP) of around trillion in 2022, constituting approximately 6.5% of global List of countries by GDP (PPP), GDP (PPP). ASEAN member states include some of the fastest growing economies in the world, and the institution plays an integral role in East Asian regionalism. The primary objectives of ASEAN, as stated by the association, are "to accelerate economic growth, social progress and cultural development in the region", and "to promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries in the region and a ...
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Burmese Language
Burmese (; ) is a Tibeto-Burman languages, Tibeto-Burman language spoken in Myanmar, where it is the official language, lingua franca, and the native language of the Bamar people, Bamar, the country's largest ethnic group. Burmese dialects are also spoken by the indigenous tribes in Bangladesh's Chittagong Hill Tracts, India's Mizoram, Manipur, Tripura states and the Burmese diaspora. The Constitution of Myanmar officially refers to it as the Myanmar language in English, though most English speakers continue to refer to the language as ''Burmese'', after ''Burma''—a name with co-official status until 1989 (see Names of Myanmar). Burmese is the most widely-spoken language in the country, where it serves as the lingua franca. In 2019, Burmese was spoken by 42.9 million people globally, including by 32.9 million speakers as a first language, and an additional 10 million speakers as a second language. A 2023 World Bank survey found that 80% of the country's population speaks Burmese ...
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Member States Of ASEAN
, the Association of Southeast Asian Nations (ASEAN) has 10 member states, one candidate member state, and one observer state. ASEAN was founded on 8 August 1967 with five member states: Indonesia, Malaysia, the Philippines, Singapore, and Thailand. It is headquartered in Jakarta. Lists A list of member states is provided below. The members of ASEAN Plus Three and the East Asia Summit are also listed. Both forums are ASEAN-led and meetings are held following the ASEAN Summit. Also listed are participants of the ASEAN Regional Forum (ARF), an organisation throughout the Asia–Pacific region whose objectives are to foster dialogue and consultation, and promote confidence-building and preventive diplomacy in the region. The ASEAN is an organisation on the Southeast Asian region that aims to accelerate economic growth, social progress, and cultural development among its members and to promote regional peace.
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Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ...
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Purchasing Power Parity
Purchasing power parity (PPP) is a measure of the price of specific goods in different countries and is used to compare the absolute purchasing power of the countries' currency, currencies. PPP is effectively the ratio of the price of a market basket at one location divided by the price of the basket of goods at a different location. The PPP inflation and exchange rate may differ from the Exchange rate, market exchange rate because of tariffs, and other transaction costs. The purchasing power parity indicator can be used to compare economies regarding their gross domestic product (GDP), labour productivity and actual individual consumption, and in some cases to analyse price convergence and to compare the cost of living between places. The calculation of the PPP, according to the OECD, is made through a ''basket of goods'' that contains a "final product list [that] covers around 3,000 consumer goods and services, 30 occupations in government, 200 types of equipment goods and about ...
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Southeast Asia
Southeast Asia is the geographical United Nations geoscheme for Asia#South-eastern Asia, southeastern region of Asia, consisting of the regions that are situated south of China, east of the Indian subcontinent, and northwest of the Mainland Australia, Australian mainland, which is part of Oceania. Southeast Asia is bordered to the north by East Asia, to the west by South Asia and the Bay of Bengal, to the east by Oceania and the Pacific Ocean, and to the south by Australia (continent), Australia and the Indian Ocean. Apart from the British Indian Ocean Territory and two out of Atolls of the Maldives, 26 atolls of the Maldives in South Asia, Maritime Southeast Asia is the only other subregion of Asia that lies partly within the Southern Hemisphere. Mainland Southeast Asia is entirely in the Northern Hemisphere. Timor-Leste and the southern portion of Indonesia are the parts of Southeast Asia that lie south of the equator. The region lies near the intersection of Plate tectonics, ...
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Sovereign State
A sovereign state is a State (polity), state that has the highest authority over a territory. It is commonly understood that Sovereignty#Sovereignty and independence, a sovereign state is independent. When referring to a specific polity, the term "country" may also refer to a constituent country, or a dependent territory. A sovereign state (polity), state is required to have a permanent population, defined territory, a government not under another, and the capacity to International relations, interact with other sovereign states. In actual practice, recognition or non-recognition by other states plays an important role in determining the status of a country. List of states with limited recognition, Unrecognized states often have difficulty engaging in Diplomacy, diplomatic relations with other sovereign states. History Since the end of the 19th century, almost the entire globe has been divided into sections (countries) with more or less defined borders assigned to different sta ...
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