About the ASEAN-India Business summit:
- It is being held as part of the ASEAN-India Year of Friendship to commemorate the more than three-decade-long engagement between India and the 10-member bloc in Kuala Lumpur.
Key facts about ASEAN
- It is a group of the Association of Southeast Asian Nations, which was established in 1967 with the signing of the Bangkok declaration.
- Founding members: Indonesia, Malaysia, Philippines, Singapore and Thailand.
- Presently ASEAN comprises 10 member states namely Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia and Vietnam.
- It promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration between its members and other countries in Asia.
