The European Union has been very active in recent years in its engagement with Asia and the Indo-Pacific region. In line with where the bloc’s competencies lie, the form this engagement takes is mostly that of building or extending economic relations. Over the past decade the EU has concluded bilateral trade agreements with several countries, including Japan and Vietnam, and it is currently negotiating further ones with, among others, Indonesia and Australia. Beyond these there is a web of economic partnership agreements with Asian countries and other forms of formal cooperation.
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