European Union - ASEAN trade tops €175 billion and expanding

ASEAN as a whole represents the Eureopean Union's third largest trading partner - after the USA and China - with more than €175 billion of trade in goods and services in 2010. The EU is ASEAN's second largest trading partner after China, accounting for around 11% of ASEAN trade.

The EU is increasing its cooperation with ASEAN through the EU-ASEAN Dialogue which includes discussions on trade and investment issues at ministerial (EC-AEM Consultations) and senior economic officials (SEOM) levels.

At a more technical level, the EU and the ASEAN Secretariat conduct seminars on topics such as regional economic integration, liberalisation of services, technical barriers to trade and trade facilitation.

The EU also finances other regional projects relating to Trade such as ASEAN-EU Programme for Regional Integration Support (APRIS II), EC ASEAN Intellectual Property Rights Program, and the EU ASEAN Statistical capacity building project.

The EU is by far the largest investor in ASEAN countries. EU companies have invested around €9.1 billion annually on average (2000-2009). The total stock of mutual investments between the EU and ASEAN exceeds €125 billion.

The EU's main exports to ASEAN are chemical products, machinery and transport equipment. The main imports from ASEAN to the EU are machinery and transport equipments, agricultural products as well as textiles and clothing.

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