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    Brussels Report on Strengthening Asia-Europe Connectivity drawing synergy from Global development and Governance Programmes

    Prakash, Anita | June 2018
    Abstract
    The Asia-Europe Meeting (ASEM) represents a sizeable part of the global community. Since its inception in 1996, ASEM has played a key role as a forum for dialogue and cooperation in connecting Asia and Europe. ASEM is uniquely placed for fostering interregional relations. In the past 22 years, the ASEM process has proved its vitality and relevance through a steady increase in membership and enhanced cooperation between Asia and Europe for the benefit of their peoples. As the main multilateral platform linking Asia and Europe, ASEM represents a significant global weight. Representing 62% of the global population, ASEM is more aware than before that its combined strength and connectivity has a benign influence over regional and global development processes and that ASEM can have a major voice in global affairs (Figure 1.1). ASEM members command 57% of global gross domestic product (GDP) and 65% of global trade (Figure 1.2). Asia and Europe have succeeded remarkably in harnessing the dynamics of modern trade and production patterns. Intraregional trade in goods and services between the two regions, spurred by trade liberalisation, and foreign direct investment (FDI) have proved to be a powerful engine of growth and participation in global value chains (GVCs). Strengthened connectivity between Asia and Europe has also led to cooperation in improving soft infrastructure and simplifying the regulatory trade and investment environment. The ASEM economic indicators speak out for the strength of Asia-Europe connectivity and also for the strength of intra- and inter-regional trade and economic cooperation.
    Citation
    Prakash, Anita. 2018. Brussels Report on Strengthening Asia-Europe Connectivity drawing synergy from Global development and Governance Programmes. © Economic Research Institute for ASEAN and East Asia. http://hdl.handle.net/11540/9790.
    Print ISBN
    978-602-5460-07-4
    Keywords
    Regionalism
    Regional Economy
    Regional Trading Arrangements
    Regional Trade Integration
    Regional Economic Integration
    Regional Cooperation
    Interregional Cooperation
    Trade Disputes
    Trade Barriers
    Free Trade
    Trade
    Trade Agreements
    Intraregional Trade
    Government Policy
    Regional Organization
    Regional Plans
    Economic integration
    Regional Development Bank
    Preferential tariffs
    International negotiation
    Protectionist measures
    Access to markets
    Economic agreements
    International trade law
    Regional integration
    Trade relations
    Exports
    Economic integration
    Distribution
    Economic integration
    Development Bank
    Trade policy
    Small Business
    Regional economics
    Regional planning
    Regional disparities
    Interregionalism
    Regional economic disparities
    Regional economic blocs
    Industrial arbitration
    Euro
    Inflation
    Business
    Finance
    Free trade
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    Citable URI
    http://hdl.handle.net/11540/9790
    Metadata
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    Thumbnail
    Brussels-Report-on-Strengthening-ASEM-Connectivity_ERIA_2018.pdf (3.043Mb)
    Author
    Prakash, Anita
    Theme
    Regional
    Trade
    Labor Migration
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise