ASEAN establishes landmark economic and security bloc

November 22, 2015 1:35 PM

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ASEAN establishes landmark economic and security bloc

Southeast Asian nations on Sunday established a formal community that attempts to create freer movement of trade and capital in an area of 625 million people with a combined economic output of $2.6 trillion.

The community declaration was signed by leaders of the 10- member Association of Southeast Asian Nations (ASEAN) in Kuala Lumpur, this year's host of the group's annual summit.

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