CURRENT AFFAIRS

Detailed explanation-1: -The theme of the two-day summit is Strengthening Multilateralism for Shared Growth. Vice President Venkaiah Naidu is leading the Indian delegation. This Summit will also mark the 25th anniversary of the ASEM process. It is being hosted by Cambodia as ASEM Chair.

Detailed explanation-2: -Australia is also a member of the Asia Europe Foundation (ASEF) – an institution established by ASEM with headquarters in Singapore.

Detailed explanation-3: -ASEM Partners [1] Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.

Detailed explanation-4: -The format brings together 30 European and 21 Asian member states, the EU and the ASEAN Secretariat, to discuss a variety of issues. This November’s meeting was chaired by Cambodia’s Prime Minister Hun Sen, who will also serve as the ASEAN Chair in 2022.