The Association of South East Asian Nations (ASEAN) was formed in August 1967 by the foreign ministers of Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then the Association has expanded to include Cambodia, Brunei Darussalam, Myanmar, Laos and Vietnam. The ten member countries have set the ambitious goal of creating a single ASEAN Economic Community (AEC) by 2015. Canadian businesses have taken notice of these developments and are bringing a new focus to South East Asia. In August of 2012, 18 Founding Canadian Corporates announced the creation of the Canada-ASEAN Business Council (CABC).