Opportunities in ASEAN-EU economic cooperation

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.

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Data availability

Secondary data were used and available from website.

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Correspondence to Marissa Maricosa A. Paderon.

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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

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Keywords

  • ASEAN
  • EU
  • Economic cooperation

JEL classification

  • F13
  • F15