---
title: 'EU-ASEAN Summit builds Economic Ties'
url: 'https://thediplomaticinsight.com/eu-asean-summit-builds-economic-ties/'
author: 'Maheen Tanveer'
date: '2022-12-14T09:21:40+05:00'
categories:
  - 'Diplomatic News'
  - 'Europe'
  - 'News'
  - 'Southeast Asia'
  - 'Trade and Investment'
---

# EU-ASEAN Summit builds Economic Ties

Brussels, 14 December 2022 (TDI): The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) meet for their first Summit today to deepen economic ties.

The Summit celebrates 45 years of diplomatic relations between the EU and ASEAN. It is being attended by the heads of state of 27 EU nations and nine of the ten ASEAN nations.

**
The 🇪🇺 EU and [@ASEAN](https://twitter.com/ASEAN?ref_src=twsrc%5Etfw) celebrate 45 years of relations!
To celebrate, EU and ASEAN leaders will meet in Brussels on December 14th for the first ever high-level EU-ASEAN Commemorative Summit. Stay tuned! [#EUASEAN45YEARS](https://twitter.com/hashtag/EUASEAN45YEARS?src=hash&ref_src=twsrc%5Etfw) [pic.twitter.com/C9iin5ZpH2](https://t.co/C9iin5ZpH2)

— European External Action Service – EEAS 🇪🇺 (@eu_eeas) [December 6, 2022](https://twitter.com/eu_eeas/status/1600029776948842496?ref_src=twsrc%5Etfw)

The Summit offers a chance to underline the EU’s and its Member States’ dedication to the strategic cooperation between ASEAN and the EU.

Furthermore, talks were held about trade, the transition to a greener and digital economy, and health as potential areas of future cooperation. The two blocs have already agreed to a pact that will make it easier for their airlines to extend services.

> Do you like to fly?
> 
> 
> If yes, you will be glad to hear that the EU and ASEAN signed a Comprehensive Air Transport Agreement in October 2022 which will be endorsed at the EU-ASEAN Commemorative Summit in Brussels, Belgium today![@eu_eeas](https://twitter.com/eu_eeas?ref_src=twsrc%5Etfw) [#EUASEAN45](https://twitter.com/hashtag/EUASEAN45?src=hash&ref_src=twsrc%5Etfw) [#EUASEANSUMMIT2022](https://twitter.com/hashtag/EUASEANSUMMIT2022?src=hash&ref_src=twsrc%5Etfw) [#CATA](https://twitter.com/hashtag/CATA?src=hash&ref_src=twsrc%5Etfw) [pic.twitter.com/y1WM2oIYuy](https://t.co/y1WM2oIYuy)
> 
> 
> — EU in ASEAN (@EUinASEAN) [December 14, 2022](https://twitter.com/EUinASEAN/status/1602876034612969472?ref_src=twsrc%5Etfw)

##### Indo-Pacific**

The topic of cooperation in the Indo-Pacific was also discussed. The common principles and synergies between the EU Indo-Pacific Strategy and the ASEAN Indo-Pacific Outlook were also emphasized.

**Also Read:** [EU, ASEAN sign Air Agreement](https://thediplomaticinsight.com/eu-asean-sign-air-agreement/)

Ursula von der Leyen, President of the European Commission, plans to commit 10 billion euros for projects in the ASEAN. This also includes investments in sustainable agriculture and renewable energy.

**
Watch the wrap-up of commemorative events to celebrate 45 years of EU-ASEAN partnership in 2022 while EU and ASEAN leaders meet at the EU-ASEAN Commemorative Summit in Brussels 🇧🇪 today!

In which events did you participate? Share your experience!

 [#EUASEAN45](https://twitter.com/hashtag/EUASEAN45?src=hash&ref_src=twsrc%5Etfw) [#EUASEANSUMMIT2022](https://twitter.com/hashtag/EUASEANSUMMIT2022?src=hash&ref_src=twsrc%5Etfw) [pic.twitter.com/ZpCiLWGd7v](https://t.co/ZpCiLWGd7v)

— EU in ASEAN (@EUinASEAN) [December 14, 2022](https://twitter.com/EUinASEAN/status/1602860661348126720?ref_src=twsrc%5Etfw)

Moreover, beyond its free trade agreements with Singapore and Vietnam and its talks with Indonesia, the EU seeks to deepen its economic connections. The regional groupings are each other’s third largest trading partners.

Also Read:** [ASEAN-EU meeting at ASEAN Regional Forum](https://thediplomaticinsight.com/asean-eu-meeting-at-asean-regional-forum/)

They are also expected to demonstrate a commitment to a rules-based international order. Also, the EU makes a statement to call Russia’s invasion of Ukraine an act of aggression.

> We need a strong EU-ASEAN partnership to navigate the course ahead.
> 
> 
> Today we will discuss how to boost our energy and trade cooperation – with the right infrastructure.
> 
> 
> We are putting forward a €10 billion package for ASEAN under [#GlobalGateway](https://twitter.com/hashtag/GlobalGateway?src=hash&ref_src=twsrc%5Etfw) ↓
 [https://t.co/TzQ1UQVMsV](https://t.co/TzQ1UQVMsV)
> 
> 
> — Ursula von der Leyen (@vonderleyen) [December 14, 2022](https://twitter.com/vonderleyen/status/1603011138131591168?ref_src=twsrc%5Etfw)

However, in 2020, the EU and ASEAN became strategic allies. The partnership was founded on common ideals and ideologies, such as free trade, an effective and sustainable multilateral system, and the rule-based international order.