Choose the correct statements related to ASEAN:

A) The ASEAN Regional Forum (ARF), was established in 1994.
B) The ASEAN Regional Forum (ARF) carries out coordination of security and foreign policy.
C) The objectives of the ASEAN Economic Community are to create a common market and production base in African states and to aid social and economic development in the region. 
D) ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. 
E) During the Cold War years Indian foreign policy payed adequate attention to ASEAN. But in recent years, India has shown no interest in trade with ASEAN countries.

Choose the correct answer from the given options:

A, B and D

The correct answer is Option 2 - A, B and D

The correct statements are:

A) The ASEAN Regional Forum (ARF), was established in 1994.
B) The ASEAN Regional Forum (ARF) carries out coordination of security and foreign policy.
D) ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. 

Correction in the incorrect statement:

C) The objectives of the ASEAN Economic Community are to create a common market and production base within ASEAN states and to aid social and economic development in the region. 
E) During the Cold War years Indian foreign policy DID NOT PAY adequate attention to ASEAN. But in recent years, India has tried to make amends.

The ASEAN security community was based on the conviction that outstanding territorial disputes should not escalate into armed confrontation. By 2003, ASEAN had several agreements in place by which member states promised to uphold peace, neutrality, cooperation, non-interference, and respect for national differences and sovereign rights. The ASEAN Regional Forum (ARF), which was established in 1994, is the organisation that carries out coordination of security and foreign policy. ASEAN was and still remains principally an economic association. While the ASEAN region as a whole is a much smaller economy compared to the US, the EU, and Japan, its economy is growing much faster than all these. This accounts for the growth in its influence both in the region and beyond. The objectives of the ASEAN Economic Community are to create a common market and production base within ASEAN states and to aid social and economic development in the region. The Economic Community would also like to improve the existing ASEAN Dispute Settlement Mechanism to resolve economic disputes. ASEAN has focused on creating a Free Trade Area (FTA) for investment, labour, and services. The US and China have already moved fast to negotiate FTAs with ASEAN.

ASEAN is rapidly growing into a very important regional organisation. Its Vision 2020 has defined an outward-looking role for ASEAN in the international community. This builds on the existing ASEAN policy to encourage negotiation over conflicts in the region. Thus, ASEAN has mediated the end of the Cambodian conflict, the East Timor crisis, and meets annually to discuss East Asian cooperation. The current economic strength of ASEAN, especially its economic relevance as a trading and investment partner to the growing Asian economies such as India and China, makes this an attractive proposition. During the Cold War years Indian foreign policy did not pay adequate attention to ASEAN. But in recent years, India has tried to make amends. It signed trade agreements with three ASEAN members, Malaysia, Singapore and Thailand. The ASEAN-India FTA came into effect in 2010. ASEAN’s strength, however, lies in its policies of interaction and consultation with member states, with dialogue partners, and with other non-regional organisations. It is the only regional association in Asia that provides a political forum where Asian countries and the major powers can discuss political and security concerns.