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New developments in EU’s external trade policy and implications for Asia-Europe relations

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  • New developments in EU’s external trade policy and implications for Asia-Europe relations
  • Kim, Cae-One
  • Korea Institute for International Economy Policy


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Title New developments in EU’s external trade policy and implications for Asia-Europe relations
Similar Titles
Material Type Articles
Author(English)

Kim, Cae-One

Publisher

[Seoul]:Korea Institute for International Economy Policy

Date 2011-11
Journal Title; Vol./Issue Journal of East Asian Economic Integration:vol. 15(no. 4)(Winter 2011)
Pages 18
Subject Country Eastern Asia(Asia and Pacific)
South-Eastern Asia(Asia and Pacific)
South Korea(Asia and Pacific)
Europe(Europe)
Language English
File Type Link
Subject Economy < Trade
Holding Korea Institute for International Economy Policy

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.