12th ASEM SUMMIT
Why in News?
- The Vice President of India has left for Belgium to attend the two-day 12th Asia-Europe Meeting (ASEM) in Brussels.
- The bi-annual event is considered the highest platform for dialogue and cooperation between Asia and Europe in the areas of trade, investment, security and tourism.
- The theme of the ASEM Summit is ‘Global Partners for Global Challenges’.
Asia-Europe Meeting (ASEM):
- The Asia-Europe Meeting (ASEM) is an intergovernmental process established in 1996 to foster dialogue and cooperation between Asia and Europe.
- The initial ASEM partnership in 1996 consisted of 15 EU member states and 7 ASEAN member states plus China, Japan, Korea and the European Commission. Presently it comprises 53 partners: 30 European and 21 Asian countries, the European Union and the ASEAN Secretariat. ASEM addresses political, economic, social, cultural, and educational issues of common interest, in a spirit of mutual respect and equal partnership.
- The main components of the ASEM process rest on the following 3 pillars:
- Political & Security Pillar
- Economic & Financial Pillar
- Social, Cultural & Educational Pillar
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