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| The ASEAN-Australia Economic Cooperation Program
(AAECP) was established in 1974 to promote cooperation between Australia
and ASEAN in areas of agreed regional development priority. The program
funded by Australia's overseas aid agency, AusAID, has evolved to
keep pace with economic progress in South East Asia and the maturing
nature of the ASEAN-Australia relationship. In August 2002 Australia
signed a Memorandum of Understanding with ASEAN committing A$45 million
to the next phase, the ASEAN Australia Development Cooperation Program
(AADCP). |
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