Europe's new Asia strategy looks to strengthen trade and political ties

September 16, 2021

Europe’s New Asia Strategy Looks to Strengthen Trade & Political Ties | Europe In :60 | GZERO Media

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Carl Bildt, former Prime Minister and Foreign Minister of Sweden, shares his perspective from Europe:

Is Europe waking up to the reality of Asia?

I think that's the case. If you listen to the State of the Union speech by Ursula von der Leyen and the commission president yesterday, the new Indo-Pacific strategy of the European Union was a key part of her proposals. To develop new trade links, to intensify political cooperation, to look more at green and digital projects, to look at infrastructure projects together. And Korea is a good example of what can be achieved. We have a 10-year free trade agreement that has doubled trade between the European Union and Korea. And today, European Union is the single largest foreign direct investor in Korea. Much has been done. But if you listen to the voices in Brussels, yes, Asia is a key part of our future and policy steps are being taken.

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