ASEM stands for Asia Europe Meeting and can be described as an open, mostly informal dialogue-based process. While ASEM's main interest is to establish closer economic cooperation between the two continents, it simultaneously seeks to create a foundation of cooperation based on political as well as social dialogue.
McCormick, Simone Suelzer
"ASEM: A Promising Attempt to Overcome Protective Regionalism and Facilitate the Globalization of Trade,"
Annual Survey of International & Comparative Law: Vol. 10
, Article 10.
Available at: http://digitalcommons.law.ggu.edu/annlsurvey/vol10/iss1/10