ASEAN Community to optimize regional economic growth

Leaders from ASEAN countries have signed the Declaration on the Establishment of the ASEAN Community and the Kuala Lumpur Declaration on ASEAN 2025.

The launch of the ASEAN Community topped the agenda of the ASEAN summits being held in the Malaysian capital of Kuala Lumpur. The community's formation is expected to effectively optimize regional economic growth. It will also bring opportunities for the ASEAN plus China, Japan and South Korea cooperation mechanism, known as 10 plus 3, to further regional integration by boosting practical cooperation.

The ASEAN Community is the first sub-regional community in Asia. It will officially take shape on Dec. 31 this year.