Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

EU sets out Indo-Pacific plan, says it's not 'anti-China'

Published 19/04/2021, 08:11 pm

By Robin Emmott

BRUSSELS, April 19 (Reuters) - The European Union resolved on Monday to step up its influence in the Indo-Pacific region, using areas from security to health to protect its interests and counter China's rising power, although the bloc insists its strategy is not against Beijing.

Led by France, Germany and the Netherlands, which first set out ways to deepen ties with countries such as India, Japan and Australia, the 27-member bloc wants to use the nascent plan to show Beijing that it is against the spread of authoritarianism.

The bloc "considers that the EU should reinforce its strategic focus, presence and actions in the Indo-Pacific ... based on the promotion of democracy, rule of law, human rights and international law," EU foreign ministers said in a statement. Diplomats said the plan was not "anti-China".

The 10-page document will now be followed by a more detailed strategy in September, foreign ministers agreed at a video conference, saying they would seek to work with "like-minded partners" to uphold basic rights in the Indo-Pacific region.

The plan could mean a higher EU diplomatic profile on Indo-Pacific issues, more EU personnel and investment in the region and possibly a greater security presence such as dispatching ships through the South China Sea, or putting Europeans on Australian patrols, though all details have yet to be agreed.

While not mentioning China in detail, the language in the EU statement is code for support of the United States under President Joe Biden in his approach to China, amid concern that Beijing is pursuing technological and military modernisation that threatens the West and its trading partners in Asia.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

EU diplomats say countries in the Indo-Pacific want the EU to be active in the region to keep trade open and to ensure they are not left facing a choice between Beijing and Washington, whose relations are turning confrontational.

The EU statement, which follows similar plans by ex-EU member Britain, comes as European attitudes harden against China over its security crackdown in Hong Kong, treatment of Uighur Muslims, and the COVID-19 pandemic, first identified in China.

"The EU will further develop partnerships and strengthen synergies with likeminded partners and relevant organisations in security and defence," the EU statement said.

"This will include responding to challenges to international security, including maritime security."

It is unclear how far the EU is willing to go on security. The bloc is hungry for new trade and sees the Indo-Pacific as offering potential.

It listed a commitment to seek free trade deals with Australia, Indonesia and New Zealand. German Foreign Minister Heiko Maas has warned of the EU missing out, after China and other Asia-Pacific economies signed what could become the world's largest free trade agreement from 2022.

The EU document also said the bloc wanted to sign an investment treaty with China that both sides agreed in principle late in 2020.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.