Is Indonesia important in ASEAN?

The formal establishment of the ASEAN Economic Community (AEC) on 31 December 2015 marks a key milestone in ASEAN economic integration journey. Indonesia is the largest country in Southeast Asia and has the most population in ASEAN.

How does Indonesia contribute to ASEAN?

Through ASEAN, Indonesia became the most articulate advocate of a Southeast Asian Zone of Peace, Freedom, and Neutrality (ZOPFAN) and a Southeast Asian NuclearFree Zone (NFZ). The ZOPFAN ideal was enshrined in the 1971 Kuala Lumpur Declaration and given lip service by all ASEAN members.

What do you mean by AFTA?

Definition English: The ASEAN Free Trade Area (AFTA)[1] is a trade bloc agreement by the Association of Southeast Asian Nations supporting local manufacturing in all ASEAN countries. The AFTA agreement was signed on 28 January 1992 in Singapore.

Why is Indonesia considered the most promising country in ASEAN?

Because Indonesia is one of the founders of the ASEAN. In fact Indonesia have the biggest population in ASEAN, approximately 240 million people lives here or almost 50\% from ASEAN’s population (500 million people) this country have many potential market.

How many countries are members of ASEAN?

Member Countries and Their Economies. ASEAN has 10 members. The two largest economies are both founding members, Indonesia and Thailand. The other eight countries hope to boost their much smaller economies by exporting to the markets of the larger countries.

What is ASEAN+3 and why is it important?

ASEAN+3 is the term that refers to the countries of ASEAN plus China, Japan, and South Korea. It was formed in the aftermath of the 1997 Asian financial crisis. The East Asia Vision Group was formed to create a vision for cooperation among all 13 countries to prevent another crisis from happening again. 12 

Which countries must ratify the ASEAN+3 summit?

All member countries must ratify it. 11  ASEAN+3 is the term that refers to the countries of ASEAN plus China, Japan, and South Korea. It was formed in the aftermath of the 1997 Asian financial crisis.