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As a founding member of the Association of Southeast Asian Nations (ASEAN--established 1967), Malaysia views regional cooperation as the cornerstone of its foreign policy. Malaysia was elected chair of the 39 th ASEAN Standing Committee and will host the ASEAN Summit and East Asia Summit in December 2005. Malaysia will also host the ASEAN Ministerial and ASEAN Regional Forum meetings in July 2006.. In world affairs, Malaysia maintains cooperative relations with the United States, the European Union, and Japan. Malaysia is an active member of the Commonwealth, the UN, the Organization of Islamic Conference (OIC), and the Non-Aligned Movement (NAM).
In 2003, Malaysia assumed the chairmanship of both the OIC and the NAM. Malaysia also is a member of APEC and hosted the 1998 Leaders' Meeting. Malaysia maintains diplomatic relations with North Korea. Malaysia does not have diplomatic relations with Israel. Malaysia's international affiliations include the UN and many of its specialized agencies, including UNESCO, World Bank, International Monetary Fund, and the International Atomic Energy Agency; General Agreement on Tariffs and Trade; Association of Southeast Asian Nations; Asian Development Bank; Five-Power Defense Arrangement; South-South Commission (G-15); Asia-Pacific Economic Cooperation (APEC), Commonwealth; Non-Aligned Movement; Organization of Islamic Conference; and INTELSAT.
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