Relationship between asean and eu

Association of Southeast Asian Nations–European Union relations - Wikipedia

relationship between asean and eu

of EU-Asia relations. It is crucial to understand relations between these two regions as a whole in order to understand and categorise EU relations with. ASEAN. ASEAN-European Union Dialogue Relations. Overview. Key Documents Guiding the Dialogue Relations. ASEAN-EU Plan of Action () · Bandar Seri. tionship between the EU and ASEAN is thus not only an academic issue, but is also of vital interest for the two regions. In a wider context, this relationship is an.

The relationship was taken to a new level when the two regions' regular contacts were raised to the ministerial level.

relationship between asean and eu

Since then the meetings have been held at intervals of about eighteen months. This agreement paved the way for closer economic and trade relations between the two sides. This framework agreement sets out objectives for commercial, economic and development cooperation. It aims at promoting trade, investments and business between the two regions.

Human rights were one area of contention. It was agreed to develop a comprehensive approach to ASEAN-EU political and security, economic and cultural relations towards the year and beyond.

In a world of turmoil and conflict within regions, this is a remarkable record. The Treaty of Amity and Cooperation in Southeast Asia has been in place for twenty-five years as a code of behavior for the region and a mechanism for the peaceful settlement of disputes. Southeast Asia is now a nuclear weapons-free zone. ASEAN is consulting with the five nuclear-weapon states, including the two in Europe, on their accession to the protocol to the nuclear weapons-free zone treaty.

In Hanoi last month, exchanges among senior officials of ARF reflected a remarkable consensus on an extraordinarily wide range of issues — the urgency of resuming the dialogues on Korea, support for the territorial integrity of Indonesia, assistance for East Timor and the probable necessity of a continued United Nations presence there beyond independence, and the absolute need for good and stable relations among the major powers in Asia and the Pacific.

The situations in Cambodia, Indonesia, Myanmar and Papua New Guinea were openly discussed, including subjects normally considered as internal to those countries.

relationship between asean and eu

The participating officials charted directions for extending the ARF process from the present stage of confidence-building to the area of preventive diplomacy and for expanding the role of the ARF chair. Although focused primarily on economic and financial cooperation, the deepening linkages in East Asia contribute, too, to the peace and stability of the region.

That environment, after all, plays a major role in trading, investment and financial decisions. The current environment tells us that the prospects for peace and stability are bright. The momentum for dialogue on the Korean peninsula — between North and South Korea and between North Korea and the United States — seems to have resumed. The disputes in the South China Sea are being contained and managed through consultations.

ASEAN AS A PARTNER FOR EUROPE

Despite the excitement occasioned by recent events in Hainan and the continuing contention over Taiwan, China and the United States seem pragmatically to give primacy to their common interest in a stable relationship.

The regional economy grew by 3. The ASEAN finance ministers, however, expect growth to slow down in to anywhere between three and five percent largely on account of the drop in the expansion rate of the U. There is scope for this.

European Union - ASEAN | ONE VISION ONE IDENTITY ONE COMMUNITY

Budget deficits are manageable. Inflation has been kept low, with the average inflation rate dropping to 2. Bank re-structuring is making progress, and ratios of non-performing loans are going down, although still fairly high. The ASEAN finance ministers now meet frequently in a process of surveillance and peer review to keep a collective eye on the movements of the regional and national economies and to encourage one another in their economic and financial reforms.

By the beginning ofor a little over six months from now, these products will have intra-ASEAN tariffs of no more than five percent or none at all. Even today, 85 percent of the products in the inclusion list are in the 0-to-5 percent range. The project brings together the 13 finance ministers and central bank governors. Their agenda is to promote greater financial cooperation among the 13 countries. The third difference is that the EU has a Parliament and Asean does not.

The European Parliament has the power to legislate, as well as the power to veto budgets and appointments. Asean has the Asean Inter-Parliamentary Assembly which has only the power of moral suasion.

The fourth difference is that the EU has a very powerful secretariat called the European Commission and Asean has a relatively small and weak secretariat. The European Commission acts like a government and is entitled to enter into treaties.

  • Overview of ASEAN-European Union Dialogue Relations
  • Asean and the EU: Differences and challenges
  • European Union

The commission has the power to put forward proposals for legislation. The Asean Charter has enhanced the power of the secretary-general. One of his most important responsibilities is to issue an annual report card on each member state's compliance with its obligations.

Asean and the EU: Differences and challenges, Opinion News & Top Stories - The Straits Times

The fifth difference is in the decision-making process. Asean takes all its decisions by consensus. The EU can decide by taking votes.

There is a system of weighted voting, with different countries being given different numbers of votes.

Association of Southeast Asian Nations–European Union relations

However, in the area of common foreign and security policy, decisions are based on unanimity. In Asean's case, there is an exception to the consensus rule: The logic is that the majority can proceed first and the minority will catch up later.

The sixth difference is on language policy. The EU has 23 official languages.