ASEANÂ as a whole represents the EU's 3rd largest trading partner outside Europe (after the US and China) with more than â‚¬206 billion of trade in goods and services in 2011.
The EU isÂ ASEAN's 2nd largest trading partner after China, accounting for around 11% ofÂ ASEAN trade.
The EU is by far the largest investor inÂ ASEAN countries. EU companies have on average, invested around â‚¬9.1 billion annually between 2000 and 2009. The total stock of mutual investments between the EU andÂ ASEANÂ exceeds â‚¬125 billion.
The EU's main exports toÂ ASEANÂ are chemical products, machinery and transport equipment;
The main imports fromÂ ASEANÂ to the EU are machinery and transport equipments, agricultural products as well as textiles and clothing.
Free trade negotiations with ASEAN countries
The EU has increased its economic ties with South East Asia by opening negotiations of free trade agreements withÂ Singapore andÂ Malaysia in 2010 and Vietnam in 2012. The EU's door remains open to start negotiations with other partners in the region on comprehensive free trade agreements, whilst also continuing to pursue the goal of an agreement within the ASEAN regional framework.
EU-ASEAN Cooperation on Trade
This co-operation is ensured mainly through an EU-ASEANÂ Dialogue which includes discussions on trade and investment issues at ministerial (EC-AEM Consultations) and senior economic officials (SEOM) levels.
At a more technical level, the EU and theÂ ASEANÂ Secretariat conduct seminars on topics such as regional economic integration, liberalization of services, technical barriers to trade and trade facilitation.
Trade in goods and services:
FDI to ASEAN:
FDI from ASEAN:
(EC Trade Commission figures)