New Developments in EU's External Trade Policy and Implications for Asia-Europe Relations

Cae-One Kim ()
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Cae-One Kim: Seoul National University

East Asian Economic Review, 2011, vol. 15, issue 4, 3-19

Abstract: Asia-Europe relations have long been overshadowed by the predominance of the United States in the Asian region. The New Asia Strategy and the "Global Europe" strategy of the EU, which are adopted in 1994 and 2006 respectively, however, have changed the posture of the EU towards East Asia. The EU, which was extremely cautious in concluding a full-fledged FTA with non-European countries, has since then been negotiating a number of FTAs with Asian countries. This opens up a series of new opportunities for East Asia to enhance its relationship with the EU. The paper recommends the East Asian countries to pursue a two-track approach in order to fully materialize the potential for strengthening the bilateral relationship.

Keywords: European Union; Global Europe Strategy; Asia-Europe Relations; Common Commercial Policy; Free Trade Agreement (search for similar items in EconPapers)
JEL-codes: F15 F59 P45 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ris:eaerev:0081

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