01-09-2022 09:00
EU – Indo-Pacific trade relations

Hearings INTA
SPINELLI 3E2
trade, port trade, port
Indo-Pacific trade © Image used under the license from Adobe Stock

Europe and the Indo-Pacific region together represent over 70 % of global trade in goods and services and over 60 % of foreign direct investment (FDI) with their annual trade reaching EUR 1.5 trillion in 2019. The EU is the biggest investor in the area, which includes four (China, Japan, South Korea and India) out of the EU’s top 10 global trading partners. The EU currently has four bilateral trade agreements in place in the region (with Japan, Singapore, South Korea and Vietnam).

In a public hearing on 1 September 2022, Members of the European Parliament and a number of distinguished panellists will discuss the perspectives for EU - Indo-Pacific trade relations about one year after the publication of the EU strategy for cooperation in the Indo-Pacific and two months after the EP adopted a report on Indo-Pacific strategy in the area of trade and investment.