A while back Richard North posted this at EU Referendum :
Is there anything the EU has ever done that can be considered, unambiguously, an unalloyed success?
Well, if you are to believe the hype, one such is the Asia-Europe Meeting, or ASEM to its friends, a “cooperation forum” for Asian and European countries. It was initiated in 1996 “to strengthen dialogue and interaction between the two regions” and to promote “concrete cooperation that aims at sustainable economic and social development”.
Yet, via chron.com [the link doesn’t work anymore, the article can be found here, though] Associated Press writer Robert Weilaard puts a different spin on it. Normally, AP is the most Europhile of all the press agencies, but Weillaard is definitely not of the Kathy Gannon mould.
Heading his piece, “Unhappy Birthday for EU-Asia Relations”, he tells us that at a summit in Bangkok in 1996, European and Asian leaders pledged to boost economic, trade and political relations to offset America’s disproportionate weight in global affairs. Today, he adds, both sides agree that has failed miserably.
As so often, I disagree with Richard as to the merits or lack of same of the European Union, but I’ll leave that for another post.
Either way, attempts to manage trade politically always fail. I replied in the comment thread to the post in the EU Referendum forum, just arguing on general priciples, without going into the details too much:
It failed because the whole idea is wrong-headed, both in concept and in the idea “America’s disproportionate weight in global affairs” is a bad thing (I’m adding that last bit just for completeness’ sake, for it goes without saying).
We talk about “global trade” all the time, but the importance of trading partners increases more or less exponentially the closer they are to your own country. Since Asia is so far away from Europe, other trading partners take precedence, meaning that European countries necessarily trade mostly with each other as well as the United States (oil imports from Arab countries aside).
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