Banking service chronicle published this article page no 18 this article was published in the month of november maritime engagement – objective is to mutually address geopolitical tensions in south and east china seas enhance military cooperation through exercises such as corpat simbex etc. about asean association of southeast asian nations (asean) was established in 1967 with signing of asean declaration (bangkok declaration) by indonesia malaysia philippines singapore and thailand. objective - it aims to accelerate economic growth social progress and cultural development through joint endeavours among southeast asian nations. Banking service chronicle magazine the asean summit – it is the highest policy-making body in asean comprising the head of states or government of asean member states. if asean were a single country it would be the seventh-largest economy in the world. it is projected to rank as the fourthlargest economy by 2050. 11 it also seeks to tackle non-traditional threats in the region such as piracy and drug trafficking etc. it also helps to bypass choke points such as the malacca strait in the indian ocean region (ior carries 90% of indias trade and its energy sources.) security - india and asean aim to establish a rules-based security architecture for peaceful development in the region in contrast to chinas aggressive policies Banking service chronicle magazine subscription.
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