Skip to main content
Log in

Opportunities in ASEAN-EU economic cooperation

  • Forum Paper
  • Published:
International Economics and Economic Policy Aims and scope Submit manuscript

Abstract

The European Union (EU) is a dialogue partner of the Association of Southeast Asian Nations (ASEAN) since 1977. This dialogue partnership was institutionalized with the signing of the ASEAN-EEC Cooperation Agreement on 7 March 1980. After that, the EU-ASEAN dialogue relations has grown and expanded in scope and depth. From the limited issues of trade, investment and development cooperation, its partnership has extended to social and cultural affairs; and political and security dialogue. The findings indicate that the ASEAN and EU are ‘natural trading partners’ and should pursue a region-to-region FTA. But an ASEAN-EU FTA is not an easy process given the lack of regional institutional structure and processes in ASEAN coupled with the diversities within the region.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Fig. 1
Fig. 2
Fig. 3
Fig. 4
Fig. 5
Fig. 6
Fig. 7
Fig. 8

Similar content being viewed by others

Data availability

Secondary data were used and available from website.

References

  • Andreosso-O’Callaghan B et al (2006) A qualitative analysis of a potential free trade agreement between the EU and ASEAN. A report prepared for the European Commission and the EU-ASEAN vision group. Available at http://trade.ec.europa.eu/doclib/docs/2007/march/tradoc_134021.pdf. Accessed on 4 July 2018

  • ASEAN Secretariat (2015) Overview of ASEAN-EU Dialogue Relations. http://www.asean.org. Accessed on June 15, 2018

  • ASEAN Secretariat (2017) Overview of ASEAN-EU Dialogue Relations, ASEAN Secretariat’s Information Paper, 17 September. http://www.asean.org. Accessed on June 18, 2018

  • ASEAN Secretariat (2018) Treaty of Amity and Cooperation in Southeast Asia. Available at http://agreement.asean.org/media/download/20131230235433.pdf. Accessed July 6, 2018

  • ASEAN stats (2018) http://aseanstats.org

  • ASEAN-EU Vision Group (2006) Trans-regional partnership for shared and sustainable prosperity. Available at http://trade.ec.europa.eu/doclib/docs2/2006/may/tradoc_128860.pdf. Accessed on 4 July 2018

  • Boumeliassa H et al (2006) Economic impact of a potential free trade agreement (FTA) between the European Union and ASEAN. Report prepared for the Commission of the European Union-Directorate-General for trade. Available at http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/412276/1/.html. Accessed on 4 July 2018

  • Chandran S (2010) Trade complementarity and similarity between India and ASEAN countries in the context of the RTA. VVM ShreeDamodar College of Commerce and Economics

  • Cremona M (2010) The European Union and Regional Trade Agreements. In: Hermann C, Terchechte J (eds) European Yearbook of International Economic Law

  • European Commission (2007) Research shows big potential gains from New EU FTAs. Available at http://trade.ec.europa.eu/doclib/docs/2007/april/tradoc_134543.pdf. Accessed on 6 July 208

  • European Commission, DG for Trade (2008) EU trade relations with ASEAN. Available at http://trade.ec.europa.eu/doclib/docs/2007/december/tradoc_137414.pdf. Accessed on 6 July 2008

  • Khandekar G (2014) Mapping EU-ASEAN Relations, Agora Asia-Europe: Fride. Available at http://www.fride.org/. Accessed June 2, 2018

  • Lipsey R (1960) The theory of customs union: a general survey. Econ J 70:498–513

    Article  Google Scholar 

  • Michaely M (1996) Trade preferential agreements in Latin America: an ex ante assessment. Policy Research Working Paper 1583. the World Bank, Washington D.C.

    Google Scholar 

  • Okano-Heijmans M (2014) Trade diplomacy in EU-Asia relations: time for a rethink. Clingendael report. Netherlands Institute of International Relations Clingendael, The Hague

    Google Scholar 

  • Sally R (2006) FTAs and the Prospects for Regional Integration in Asia. European Centre for International Political Economy, ECIPE Working Paper, no.01/2006

  • UNCTAD (2018) http://unctadstat.unctad.org

  • Webber D (2012) The context of EU-ASEAN relations: trials and tribulations of regionalism in post-cold war Europe and Asia. In: Novotny D, Portela C (eds) EU-ASEAN relations in the 21st century – strategic Partnership in the Making. Palgrave Macmillan, New York, pp 7–25

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Contributions

Not applicable.

Corresponding author

Correspondence to Marissa Maricosa A. Paderon.

Ethics declarations

Conflict of interest

Not applicable.

Additional information

Publisher’s note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Paderon, M.M.A. Opportunities in ASEAN-EU economic cooperation. Int Econ Econ Policy 17, 783–798 (2020). https://doi.org/10.1007/s10368-020-00473-3

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s10368-020-00473-3

Keywords

JEL classification

Navigation