A Commemorative EU-ASEAN Summit

{
  "authors": [
    "Lizza Bomassi"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace",
    "Carnegie Europe"
  ],
  "collections": [],
  "englishNewsletterAll": "ctw",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Europe",
  "programAffiliation": "EP",
  "programs": [
    "Europe"
  ],
  "projects": [],
  "regions": [
    "Asia",
    "Europe",
    "Southeast Asia",
    "Western Europe",
    "Iran"
  ],
  "topics": [
    "Foreign Policy",
    "Economy"
  ]
}

In The Media

Carnegie Europe

A Commemorative EU-ASEAN Summit

Expectations were high for the first in-person EU-ASEAN summit in years but the meeting agenda did not rise to the occassion. Despite having plenty of common ground, the bloc missed an opportunity to strengthen its commitment to ASEAN by leaving the big ticket items to the side.

By Lizza Bomassi

Published on Dec 14, 2022

About the Author

Lizza Bomassi

Former Deputy Directory, Carnegie Europe

Lizza Bomassi was the deputy director of Carnegie Europe.

Foreign Policy Economy Asia Europe Southeast Asia Western Europe Iran

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie China

Commentary
China Financial Markets
The Plaza Accord and Its Relevance for China
The Plaza Accord was not an externally imposed punishment of Japan but part of a broader restructuring that Japanese economists and policymakers themselves recognized was necessary. Its effects were undermined, however, when Tokyo responded to the resulting slowdown with policies that exacerbated investment, credit expansion, and the very imbalances the adjustment was intended to resolve.
Michael Pettis
Paper
Untangling the Nuclear Knot: A Constructive Agenda for Managing China’s Nuclear Relations with the United States and Its Allies
The nuclear relationship between China and the United States is increasingly shaped by widening perception gaps rather than deliberate strategic design.
Tong Zhao
Commentary
China Financial Markets
Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?
China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.
Michael Pettis
Commentary
Caught in the Middle: Chinese Biotech Firms’ Divergent Responses to U.S. Sanctions
Chinese biotech companies have been on the receiving end of U.S. economic coercion. Yet their responses have differed significantly because firm and state interests are not uniformly aligned. For Washington, treating all Chinese tech firms the same, irrespective of their actual interests, risks pushing them farther into Beijing’s corner.
Xue Gong
Commentary
Emissary
Trump and Xi Are Angling for Three Years of Stability
But their "principal to principal" model will only be as effective as the political strength of each leader back home.
Damien Ma

More Work from Carnegie China

Commentary

China Financial Markets

The Plaza Accord and Its Relevance for China

The Plaza Accord was not an externally imposed punishment of Japan but part of a broader restructuring that Japanese economists and policymakers themselves recognized was necessary. Its effects were undermined, however, when Tokyo responded to the resulting slowdown with policies that exacerbated investment, credit expansion, and the very imbalances the adjustment was intended to resolve.

Michael Pettis

The nuclear missile formation passes through Tian'anmen Square during a military parade on September 3, 2025 in Beijing, China.

Paper

Untangling the Nuclear Knot: A Constructive Agenda for Managing China’s Nuclear Relations with the United States and Its Allies

The nuclear relationship between China and the United States is increasingly shaped by widening perception gaps rather than deliberate strategic design.

Tong Zhao

Commentary

China Financial Markets

Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?

China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.

Michael Pettis

Robot arm with disposable test tube virus sampling in laboratory

Commentary

Caught in the Middle: Chinese Biotech Firms’ Divergent Responses to U.S. Sanctions

Chinese biotech companies have been on the receiving end of U.S. economic coercion. Yet their responses have differed significantly because firm and state interests are not uniformly aligned. For Washington, treating all Chinese tech firms the same, irrespective of their actual interests, risks pushing them farther into Beijing’s corner.

Xue Gong

Commentary

Emissary

Trump and Xi Are Angling for Three Years of Stability

But their "principal to principal" model will only be as effective as the political strength of each leader back home.

Damien Ma