International Relations

Asia and Europe: The Development and Different Dimensions of by Lay Hwee Yeo

By Lay Hwee Yeo

This ebook presents a scientific and thorough exam of the Asia-Europe assembly (ASEM) method which brings jointly the fifteen ecu member states, the eu fee and ten East and Southeast Asian international locations. the writer not just lines the particular improvement of the ASEM technique, but additionally contextualises ASEM inside 3 diversified diplomacy theoretical frameworks, as considered by means of realists, social constructivists and institutionalists.

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Additional info for Asia and Europe: The Development and Different Dimensions of ASEM

Sample text

It was feared that the ASEM process might be derailed because of the new triumphalism in Europe, and the loss in attractiveness of Asia as the place for trade and investments. Fortunately, this was not to happen. However, with the Asians consumed by the crisis, the Europeans were now in the driver’s seat. The Asian economic crisis provided ASEM with its first test, which it passed with the From Bangkok to Copenhagen 37 successful conduct of the London ASEM. Many commitments undertaken have been and were being carried through, scheduled meetings went ahead and the exchanges at various levels continued.

The meeting reaffirmed the leaders’ commitment to the ASEM process. It consolidated the progress that ASEM had made so far, and laid out an ambitious path for work in the next two years leading to the third ASEM summit in Seoul. During the meeting, the leaders discussed at length the financial and economic crisis in Asia and expressed the confidence that with full implementation of the necessary policy reforms and strong mutual support, financial stability would be restored. To affirm their belief, a separate ASEM 2 Financial Statement was issued during the meeting along with the Chairman’s Statement.

The economic ministers endorsed the IPAP for adoption at ASEM 2 and agreed to the suggestion for the establishment of an Investment Experts’ Group (IEG) to act as an interface between the government and the business sector in following up the initiatives recommended in the IPAP. The IPAP was adopted by the ASEM leaders during the London ASEM. TFAP The TFAP is aimed at reducing non-tariff trade barriers and promoting trade opportunities between the two regions while complementing work carried out in other bilateral and multilateral fora.

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