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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).

Japan and the EU
On 25 March 2013, the EU and Japan officially launched the negotiations for a Free Trade Agreement. The negotiations with Japan will address a number of EU concerns, including non-tariff barriers and the further opening of the public procurement market. The first round of negotiations is/was held in Brussels on 15-19 April 2013. In July 2012, the European Commission asked the EU Member States for their agreement to open the negotiations for a Free Trade Agreement with Japan. On that occasion, an impact assessment of the future Free Trade Agreement was released. Later that year, the Council decided to give the Commission 'the green light' to start these negotiations.

China and the EU
China and the EU, two of the biggest markets in the world, have everything to gain by deepening their commercial ties. Since 1978, EU-China trade has increased more than 60-fold and reached around EUR 210 billion in 2005 (Eurostat).

Asia and the EU
Economic relations between the EU and ASEAN and ASEM, take the form of bilateral trade ties, region-to-region partnerships, and multilateral co-operation.