The EU and Indo-Pacific: Partners for a more stable and prosperous world

AS WE begin the second month of 2024, Europeans are of course deeply concerned by the ongoing Russian war of aggression against Ukraine and by the conflict that has broken out again in the Middle East. However, we are not forgetting the broader picture: the centre of gravity of the world’s economy has shifted to the Indo-Pacific region, with close to 50 per cent of the world’s gross domestic product and 60 per cent of the world’s population. Peace and stability in this region are crucial for Europe and the world.

In recent years, the European Union has worked steadily to improve its cooperation with the region, in particular by becoming in 2020 a strategic partner of the Association of Southeast Asian Nations, launching its Indo-Pacific strategy in 2021, holding a successful EU-Asean Summit in 2022 and adopting the Samoa Agreement with Pacific countries in 2023. We will accelerate the path in 2024.

The economic links between the EU and the Indo-Pacific region have reached an impressive level, unimaginable 40 years ago. Maritime routes in the region have become the arteries of the world: every day, 2,000 ships transport goods across the Indian Ocean and the South China Sea to Europe and back. However, the security environment is deteriorating. Major tensions are rising, from the South China Sea, to the Taiwan Strait, the Korean peninsula and the Red Sea. There is less trust among the main global and regional players; less respect for international law and multilateral agreements; force and coercion are on the rise. We are at risk of going back to a world where “might makes right”.