ASEAN-European Union

EENI- School of International Business

Sub-subject: Trans-Regional ASEAN-European Union Trade Initiatives. Syllabus:

1. Introduction to the Trans-Regional ASEAN-European Union Trade Initiatives
2. European Union-ASEAN Association Agreement
3. The EU Partnership and Cooperation Agreements with the ASEAN Countries
4. The Foreign Trade between the ASEAN and the European Union Countries
5. The Future ASEAN-EU free trade agreement

Sample of the sub-subject: The ASEAN-European Union

Description of the Sub-Subject: The ASEAN-European Union

To promote international trade and foreign direct investment flows between the Association of Southeast Asian Nations (ASEAN) and the European Union (EU), both economic blocs signed the Trans-Regional ASEAN-European Union Trade Initiatives.

This initiative is a policy dialogue mechanism and process in economic and trade-related topics.

Foreign Trade ASEAN-European Union.

1. The total ASEAN external trade with the European Union Countries decreased to 171 billion dollars (a fall of 16% from 2008) owing to the global financial crisis
2. The European Union is the top export destination of the ASEAN economies (11% of the total exports of the ASEAN)
3. The European Union is the second trade partner after the People's Republic of China owing to higher ASEAN (Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Cambodia, Laos, Myanmar, and Vietnam) imports from China
4. The Association of Southeast Asian Nations received 7 billion dollars of foreign direct investment from the European Union (18% of the total foreign direct investment (FDI) inflows into the ASEAN)