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Australia’s participation in multilateral organisations. Primarily seeks to promote and accelerate economic growth, social progress, cultural development, regional peace and stability in the Asia-Pacific region
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Primarily seeks to promote and accelerate economic growth, social progress, cultural development, regional peace and stability in the Asia-Pacific region • Currently 11 members (Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Burma, Cambodia and Australia) ASEAN (Association of Southeast Asian Nations)
Encompasses 500m people, 45 million km2, a combined GDP of US$737 billion and a total trade of US$720 billion ASEAN (Association of Southeast Asian Nations)
Through its participation in the ASEAN regional forum, Australia has built up its image as a ‘good international citizen’ ASEAN (Association of Southeast Asian Nations)
Seeks to enhance economic growth and prosperity and to strengthen the Asia-Pacific region and community • Established in 1989 and has more than 21 members, Australia was a founding member • APEC represents more than 1/3 of the world’s population, approximately 60% of world’s GDP and 47% of world trade APEC (Asia Pacific Economic Cooperation)
Has huge potential power, given that it represents the most economically dynamic region in the world, which generated nearly 70% of global economic growth in its first 10 years. APEC (Asia Pacific Economic Cooperation)
Similarly to its membership in the ASEAN, its participation in the ASEAN regional forum has built up Australia’s image as a ‘good international citizen’ APEC (Asia Pacific Economic Cooperation)