gillnumil ® 30-Mar-2022 11:06

Towards an EU-India Indo-Pacific Connectivity Partnership for Effective Engagement with ASEAN

Year: 2022
Language: english
Author: Michael Tanchum
Genre: Research papers
Publisher: Observer Research Foundation
Format: PDF
Quality: eBook
Pages count: 48
Description: The Indo-Pacific region generates 60 percent of global gross domestic product (GDP) and is economically linked to Europe through transregional production networks and supply chains. Located at the geographic heart of the Indo-Pacific’s maritime trade routes, the 10 member states of the Association of Southeast Asian Nations (ASEAN) form the hub of the Indo-Pacific’s commercial connectivity architecture. With a combined 2019 GDP of USD3.2 trillion, ASEAN was the world’s fifth largest economy that year and is on track to become the fourth largest by 2030.1 In recent years, this centrally important region is increasingly coming under China’s hegemony. Having emerged as ASEAN’s dominant economic partner, Beijing is leveraging the structural asymmetry in the China-ASEAN relationship to become the principal agenda-setter at the core of the Indo-Pacific’s connectivity architecture.2 This development has become a cause for alarm not only in Southeast Asia, but in other countries as well, including India and in Europe.



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