ASEAN-EU strategic partnership: a new path of upgraded relations

March 18, 2021 Euractiv 0 Comments

In the last decades, the Association of Southeast Asian Nations (ASEAN) has increased its centrality from both an economic and a geopolitical point of view. Today, 654 million people live in the States of the Asian Association, making it an attractive market for global powers. In 20 years, ASEAN GDP has risen from $ 600 billion to $ 3,000 billion; if this tremendous trend continues, its rapid growth will step up ASEAN purchasing power, allowing for a dramatic increase of trade flows. As of today, EU and ASEAN bilateral exchanges in goods per year are worth more than € 200 billion, confirming a solid positive trend. Read More.

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