With over 600 million people and a combined GDP of USD 2.46 trillion in 2015, the Southeast Asian region is one of the main drivers of global growth. The region has made remarkable progress in raising income, reducing poverty, and integrating with the world economy.
This growth experience sets the region as a whole apart from other emerging markets and has seen incomes in most Southeast Asian countries lifted well above the developing-country average. Going forward, growth looks set to average about 5.2% in the second half of this decade.
The OECD and Southeast Asia have a longstanding and mutually beneficial relationship that has steadily developed since the late 1990s. In 2007, OECD Ministers identified Southeast Asia as a region of strategic priority for the Organisation and Indonesia became a Key Partner along with Brazil, China, India and South Africa. In 2014, the OECD Southeast Asia Regional Programme was launched, building on two decades of co-operation and dialogue between OECD and SEA countries.
In recent years, all ten ASEAN countries (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam) have intensified their participation in OECD committees and working groups, peer reviews and studies and have increasingly contributed to statistical data collection and international benchmarking exercises such as the Programme for International Student Assessment (PISA) and Investment Policy Reviews.
Several Southeast Asian countries have adhered to international standards and norms developed by the OECD in such areas as tax, chemicals, SMEs, anti-corruption, innovation and development co-operation. Recently, nine Southeast Asian countries joined the Daejeon Declaration on Science, Technology, and Innovation Policies for the Global and Digital Age. Moving forward, the OECD is working with its member countries and the ten Southeast Asian countries in supporting the region to enhance regional integration and to implement the ASEAN Economic Community Blueprint 2025.
For more information about OECD's work in the region:
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