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The correct answer is option 3: Both 1 and 2.
Statement 1 is correct. The Association of Southeast Asian Nations (ASEAN) was initially formed by the governments of five countries in Southeast Asia, not South Asia. These five founding members were Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
Statement 2 is also correct. ASEAN was formed on August 8, 1967, through the signing of the Bangkok Declaration in Bangkok, Thailand. This declaration outlined the aims and principles of ASEAN, including the promotion of regional peace and stability, cooperation in economic, social, cultural, and technical fields, and the advancement of Southeast Asian nations.
Therefore, both statements are accurate. ASEAN started with five founding members and was established in August 1967 through the signing of the Bangkok Declaration.