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Asia and the EU

Latest news about Asia and the European Union. The EU is deepening its strategic partnerships with China, India, Japan and negotiations are well underway on new partnership and free trade agreements with South Korea and with south-east Asian countries. Asia comprises high-income industrialised partners and dynamic emerging economies but is also home to two thirds of the world's poor. Development cooperation therefore remains high on the EU's agenda with Asia, and more than five billion euros allocated to Asia by the EU for the period 2007-2013. Policies are address common challenges, such as climate change, sustainable development, security and stability, governance and human rights, as well as the prevention of, and response to natural and human disasters. The EU is stepping up its support to regional integration through the Asia-Europe Meeting (ASEM), and intensifying cooperation with the Association of South-East Asia Nations (ASEAN), the ASEAN Regional Forum (ARF) and the South Asian Association for Regional Cooperation (SAARC).

European leaders seek Asian support on debt crisis 05 November 2012, 11:38 CET
European leaders flew to impoverished Laos Monday on a mission to reassure Asia they are finally getting a grip on the eurozone debt crisis during a major summit in the tiny landlocked nation.

EU anti-dumping investigation into solar panel imports from China 06 September 2012, 10:57 CET
The European Commission has aunched an anti-dumping investigation into imports of solar panels and their key components (i.e. solar cells and solar wafers) originating in China. EU Pro Sun, an industry association, claimed in its complaint lodged on 25 July 2012 that solar panels and their key components imported from China enter the European market at prices below market value. In terms of import value affected, this is the most significant anti-dumping complaint the European Commission has received so far: in 2011, China exported solar panels and their key components worth around €21 billion to the EU. The investigation will take 15 months in total, whereas it is possible according to trade defence rules to impose provisional anti-dumping duties within 9 months, provided there is sufficient prima facie evidence of dumping.

European Bank for Reconstruction and Development 05 November 2015, 21:00 CET
Since its establishment in 1991, the European Bank for Reconstruction and Development has become the largest financial investor in its region of operations which stretches from central Europe and the Western Balkans to central Asia. With the ability and willingness to bear risk on behalf of its clients, the EBRD helps their countries in the region to become open, market economies. The EBRD is owned by 64 countries, the European Union and the European Investment Bank. It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies.

RAPEX in 2011 - guide 08 May 2012, 14:03 CET
EU consumers want to be sure that the products - whether produced in the EU or imported from third-countries - are safe. The RAPEX 2011 Report shows that the EU's rapid alert system for non-food dangerous products ("RAPEX") is increasingly effective. Dangerous products are detected earlier and more effectively and are more promptly removed from the EU market. This process involves a chain of actions including upstream efforts to design out risks at source, better risk assessment and close co-operation between EU authorities, notably customs, to identify risks at the points of entry.

EU WTO challenge to China's export restrictions on rare earths - guide 13 March 2012, 22:00 CET
The European Union has launched a second challenge of China's export restrictions on raw materials including 17 rare earths, as well as tungsten and molybdenum. Together with the US and Japan, the EU formally requested dispute settlement consultations with China in the World Trade Organisation (WTO). This follows a successful EU challenge at the WTO on similar restrictions for other raw materials earlier this year.

China - EU factsheet 14 February 2012, 10:14 CET
The European Union is looking to strengthen its partnership with China at the fourteenth EU-China summit, to take place in Beijing on 14 February 2012. The EU will be represented by Herman Van Rompuy, President of the European Council, and by José Manuel Barroso, President of the European Commission. The People's Republic of China will be represented by Prime Minister Wen Jiabao.

EU - India Summit factsheet 09 February 2012, 23:14 CET
The 12th EU-India Summit takes place on 10 February 2012 in New Delhi. The EU will be represented by Herman Van Rompuy, President of the European Council, and José Manuel Barroso, President of the European Commission. EU Trade Commissioner Karel De Gucht will also be present. India will be represented by Prime Minister Dr Manmohan Singh.

WTO Case on export restrictions of raw materials in China - guide 31 January 2012, 23:19 CET
The Appellate Body of the World Trade Organisation (WTO) on 30 January confirmed the findings made by a Panel in July 2011 that China's export restrictions on several industrial raw materials are in breach of WTO rules. The WTO found that China's export restrictions are not justified for reasons of environmental protection or conservation policy. Today's final ruling was welcomed by Europe's trade chief.

Boost for Enterprise Europe Network in Asia, North Africa 29 September 2011, 12:55 CET
The European Commission is extending the reach of the Enterprise Europe Network - its business and innovation support network for SMEs - by opening new contact points in Japan, as well as doubling its presence in China. The aim, it says, is to see more European small and medium sized enterprises (SMEs) profit from the fast growing markets in Asia, Latin America and Eastern Europe.

EU seals first Asian free trade deal with S. Korea 16 September 2010, 17:48 CET
Europe agreed a vast free trade deal with South Korea on Thursday, hailing it as the first in a chain of bilateral pacts with Asian nations that will bind the continents together.

ASEM 8 Summit 15 September 2010, 10:41 CET
Since the inception of the ASEM process in 1996, Asia and Europe have kept their biennial appointment with remarkable regularity. The ASEM 8 Summit in Brussels on 4 and 5 October this year will be the eighth privileged occasion to give expression to the common views of Asia and Europe. Representing 58 % of global population, 50 % of global GDP and over 60% of global trade, this gathering will hopefully inspire the world community. Indeed, a month later, the first G-20 meeting to take place in a non G-8 country will gather in Seoul, Republic of Korea, to shape the policies that are required in the face of the financial and economic crisis.

2009 customs detentions of goods suspected of infringing Intellectual Property Right (IPR) - guide 22 July 2010, 17:32 CET
In 2009, EU Customs took action in 43,500 cases involving several million products suspected of being counterfeited or pirated at the external borders of the EU. This is according to the European Commission’s annual report on EU Customs Enforcement of Intellectual Property Rights (IPR), which was published today. Cigarettes, clothing and brand labels were among the main articles stopped by customs on suspicion of IPR infringements. However, products for daily use and posing a potential danger to citizens’ health, such as shampoos, toothpaste, toys, medicines or household appliances, also accounted for a significant part. Today’s report gives statistics on the type, origin and transport method of IPR infringing products stopped at the external borders.

EU - India relations - background 21 June 2010, 14:24 CET
EU-India relations date back to the early 1960s when diplomatic relations were established. It was however the 1994 Cooperation Agreement (which is still the current legal framework for cooperation) that opened the door to the broad political dialogue that has since evolved, notably through annual Summits since 2000, and through regular ministerial and expert-level meetings.

EU restricts imports of plants from China 11 May 2010, 17:39 CET
The European Union has decided to impose stricter measures for the import from China of plants hosting the harmful citrus long horn beetle, an insect that is not native to Europe and can attack a wide range of plants.

EU27 external trade deficit of EUR 20bn with Japan in 2009 28 April 2010, 00:33 CET
Between 2000 and 2009, EU27 exports of goods to Japan fell in value by around 20%, from 45 bn euro to 36 bn, while EU27 imports from Japan decreased by almost 40%, from 92 bn to 56 bn. As a result, the EU27 deficit in trade with Japan decreased from 47 bn in 2000 to 20 bn in 2009 and the share of Japan in the EU27's total external trade in goods fell significantly. In 2009, Japan accounted for 3% of EU27 exports and 5% of EU27 imports, and was the EU27's sixth most important trading partner. On the occasion of the 19th European Union - Japan summit, which took place on Wednesday 28 April 2010 in Tokyo, Eurostat, the statistical office of the European Union, issued data on trade in goods and services and FDI flows between the EU and Japan.

Community rapid information system for dangerous products (RAPEX) - briefing 15 April 2010, 15:00 CET
The number of dangerous consumer products notified through the EU's rapid alert system for non-food dangerous products ("RAPEX") rose by 7% in 2009 compared to 2008, the European Commission's annual RAPEX report shows today. This rise from 1866 notifications in 2008 to 1993 last year shows that the capacity of the RAPEX system has increased again in 2009, following more effective market surveillance by Member States. European businesses are also taking their responsibilities in the consumer product safety area more seriously and recall their unsafe products from the market more readily. They also begin to use the dedicated rapid alert system for business ('Business Application') more systematically. Toys, clothing and motor vehicles were the most frequently notified products in 2009. In addition, the results of an EU market surveillance exercise, involving 13 countries checking the safety of toys, were also presented today, and show that around 20% did not comply with the relevant safety requirements.

EU and India launch biotechnology and health pilot programme 04 February 2010, 16:36 CET
India and EU Member States have launched NEW INDIGO, a Networking Pilot Programme (NPP) on biotechnology and health. Their objective is to establish a joint infrastructure for advanced research in this growing and significant field. NEW INDIGO ('Initiative for the development and integration of Indian and European research') has received almost EUR 2.5 million under the 'Horizontal actions and measures in support of international cooperation' (INCO) priority of the EU's Seventh Framework Programme (FP7).

Free Trade Agreement with South Korea - briefing 15 October 2009, 15:25 CET
European businesses have for some time asked for better terms of access to key Asian markets. Responding to these calls, EU Member States authorised the Commission to negotiate new ambitious Free Trade Agreements (FTAs) with India, Korea and ASEAN countries. In April 2007 EU Member States authorised the Commission to negotiate an ambitious and comprehensive FTA with South Korea. After eight rounds of formal negotiations the two sides have today initialled the agreement.

The EU's Trade Relationship with Japan 08 July 2011, 16:02 CET
As a highly developed economy and major global trader and investor, Japan is an important partner for the EU. Japan is the world's third largest national economy, accounting for around 1.9% of the world population and around 9% of world GDP.

The EU's Trade Relationship with China 08 July 2011, 15:52 CET
China is the single most important challenge for EU trade policy. China has re-emerged as the world's third economy and the biggest exporter in the global economy, but also an increasingly important political power. EU-China trade has increased dramatically in recent years. China is now the EU's 2nd trading partner behind the USA and the EU's biggest source of imports by far. The EU is also China's biggest trading partner.

EU requests WTO consultations on Chinese export restrictions on raw materials - briefing 23 June 2009, 16:05 CET
China applies export restrictions - quotas and export duties - on key raw materials. The European Commission says these restrictions distort competition and increase global prices, as some of these resources cannot be found elsewhere. Downstream industries in China therefore have access to cheaper materials than their competitors outside China. That is not a level playing field, and the EU and U.S. have asked for consultations with China at the World Trade Organisation (WTO).

EU and China agreements to strengthen cooperation on protecting Intellectual Property Rights and on preventing illicit imports of chemical substances used for synthetic drug production - briefing 30 January 2009, 14:19 CET
Commissioner Kovacs, responsible for Taxation and Customs, today signed an Action Plan with the Chinese Ambassador Song to strengthen customs cooperation on protecting Intellectual Property Rights. They also signed an agreement to enhance customs co-operation in monitoring trade and preventing trafficking and the diversion of drug precursors (chemicals that are essential to the illicit manufacture of narcotic drugs).

EU - US - China summit on product safety - briefing 17 November 2008, 22:58 CET
Following the successful "Joint U.S.-EU-China Initiative on Consumer Product Safety Compliance" held in China in September 2008, the product safety authorities of the European Union (European Commission, EC), the U.S. (Consumer Product Safety Commission, CPSC) and China (General Administration of Quality Supervision, Inspection and Quarantine, AQSIQ) held a summit to strengthen their trilateral cooperation in this area.

EU-China trade in facts and figures 23 September 2008, 15:04 CET
China is now the third biggest national exporter in the global economy after Germany and the US. China now accounts for about 8 % of all imports and 12% of all exports in world trade in goods. More than half of China's exports are currently capitalised by foreign companies. Most of this capitalisation comes from neighbouring Asian companies in Japan and South Korea. 8% of it is European.

EU - Japan trade statistics 2007 21 April 2008, 19:28 CET
Between 2000 and 2007, EU27 exports of goods to Japan fell slightly in value, from 45.5 bn euro to 43.7 bn, while EU27 imports from Japan decreased by 15%, from 92.1 bn to 77.9 bn.