8th East Asia Summit (Economic Ministers Meeting)

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News: The 8th East Asia Summit (Economic Ministers Meeting) have stressed the importance of further strengthening regional economic cooperation and accelerating post-COVID economic growth.

Facts:

  • East Asia Summit: It was established in 2005.It is a forum of 18 countries.
  • Objective: It is a forum of strategic dialogue and cooperation on the key political, security, and economic challenges facing the Indo-Pacific region.
  • Members: It comprises the ten member states of the ASEAN countries along with 8 members Australia, China, Japan, India, New Zealand, the Republic of Korea, Russia and the United States.India is a founding member of the East Asia Summit.
  • Priority Areas: There are six priority areas of regional cooperation within the framework of the EAS which are a) Environment and Energy b) Education c) Finance d) Global Health Issues and Pandemic Diseases e) Natural Disaster Management and f) ASEAN Connectivity.
  • First Summit: It was held in Kuala Lumpur,Malaysia in 2005.

Additional Facts:

  • ASEAN: It is a regional grouping which was established in 1967 with the signing of the Bangkok Declaration.
    • Members: Indonesia, Thailand, Singapore, Malaysia, The Philippines, Vietnam, Myanmar, Cambodia, Brunei, and Laos.
    • Headquarters: Jakarta, Indonesia.