EU’s Indo-Pacific strategy
- Category
International Relations
- Published
26th Apr, 2021
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The Council of the European Union approved the conclusions on a European Union strategy for cooperation in the Indo-Pacific.
Context
The Council of the European Union approved the conclusions on a European Union strategy for cooperation in the Indo-Pacific.
About
About the Conclusions
- Regional Cooperation: It aims to reinforce the strategic focus, presence and actions of EU in this region.
- It will contribute towards the regional stability, security, prosperity and sustainable development of the region.
- It will tackle the rising challenges and tensions in the region.
- EU will work towards upholding democracy, human rights, the rule of law and respect for international law in the region.
- Rule based order: The EU will aim for the promotion of effective rules-based multilateralism.
- The EU’s will approach towards a rules-based international order, a level playing field, as well as an open and fair environment for trade and investment, reciprocity, the strengthening of resilience, tackling climate change and supporting connectivity with the EU.
- It will try to form a free and open maritime supply routes that will comply fully with international law remain crucial.
- Trade partnership: The EU will aim to conclude free trade agreements with Australia, Indonesia and New Zealand.
- It will also take further steps towards the Comprehensive Agreement on Investment with China.
- The EU will continue to explore deeper economic relations with India.
- Security cooperation: The EU will cooperate in security and defence front which will include the maritime security, cyber activities, disinformation, terrorism, and organized crime.
- EU has also taken decision to extend the geographic scope of CRIMARIO (Critical Maritime Routes) II activities from the Indian Ocean into South and Southeast Asia.
European Union (EU)
- It is a political and Economic Union (EU) of 27 member states which are located primarily in Europe.
- EU policies aim to ensure the free movement of people, goods, services and capital within the internal market.
- It enacts legislation in justice and home affairs.
- EU maintains common policies on trade, agriculture, fisheries and regional development.
- Passport controls have also been abolished for travel within the Schengen Area.
- A monetary union was established in 1999 that came in full force in 2002.
- It is composed of 19 EU member states which use the euro currency.
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