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1 EU-Korea FTA and Its Impact on V4 Economies. A Comparative Analysis of Trade Sophistication and Intra-Industry Trade  / 2018 /  Comparative Economic Research. Central and Eastern Europe  / vol.21, no.1, pp.5 / 

10.2478/cer-2018-0001

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East Asian Economic Review Vol. 15, No. 4, 2011. pp. 3-19.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.2011.15.4.237

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New Developments in EU’s External Trade Policy and Implications for Asia-Europe Relations

Author

Cae-One Kim

Professor Emeritus, Seoul National University

caeonek@snu.ac.kr
Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

Asia-Europe relations have long been overshadowed by the predominance of the United States in the Asian region. The New Asia Strategy and the“Global Europe”strategy of the EU, which are adopted in 1994 and 2006 respectively, however, have changed the posture of the EU towards East Asia. The EU, which was extremely cautious in concluding a full-fledged FTA with non-European countries, has since then been negotiating a number of FTAs with Asian countries. This opens up a series of new opportunities for East Asia to enhance its relationship with the EU. The paper recommends the East Asian countries to pursue a two-track approach in order to fully materialize the potential for strengthening the bilateral relationship.

JEL classification: F15, F59, P45

Keywords

European Union, Global Europe strategy, Asia-Europe Relations, Common Commercial Policy, Free Trade Agreement

Language

English

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