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SA agreement with South East Asian bloc opens up a host of opportunities

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Source: Hilton Fisher, Daily Maverick, 30 September 2020

South Africa is in the process of acceding to the Treaty of Amity of the Association of South East Asian Nations (ASEAN), the fifth-largest economy in the world. The potential for future trade, investment and a host of other cooperation agreements is exciting.

Few regions in the world offer such promise and potential for the future of South Africa’s international relations as the region comprising the members of the Association of South East Asian Nations (ASEAN). From large consumer markets, dynamic trade and investment opportunities to a successful model of regional integration that has contributed meaningfully to growth and development – the potential for cooperation is vast. 

As part of efforts to deepen South Africa’s engagement and cooperation with this region, our country has begun with the process of acceding to the ASEAN Treaty of Amity (TAC). The TAC was signed at the first ASEAN Summit Meeting in Bali, Indonesia, in February 1976.

ASEAN is a regional organisation aimed at promoting economic growth and regional stability among its member states. Comprising 10 member states (Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia and Vietnam), the organisation’s headquarters are in Jakarta, Indonesia.
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