EXPLAINER-What is ASEAN and why does the bloc matter?

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Major powers will join a summit next week of Southeast Asian nations hosted by the Philippines against one of ?the most complex backdrops for the regional bloc, from the Iran war that has battered ?economies to the growing US-China rivalry. Closer to home, the 11 members of ?the ?Association of Southeast Asian Nations (ASEAN) are grappling with a crisis in civil war-torn Myanmar, conflict between Thailand and Cambodia, and tension over competing claims in the South China Sea. Here are five key aspects of the bloc. WHAT IS ASEAN AND WHY WAS IT FORMED? ASEAN was founded on August 8,…

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