Asia and the European Union are major trading partners. With average gross domestic product growth at more than 5 percent, Asia’s commercial importance to Europe is continuing to grow. But despite its rapid development, Asia still faces major structural and social challenges, with as much as 20 percent of some national populations living in extreme poverty.
These dual focuses — economic and trade relations; and development and cooperative programs — form the basis of EU-Asia strategic relations.
As part of its ongoing EuropeAid Funding Insights series, Devex has analyzed nearly 1.4 billion euros ($1.57 billion) worth of EU planned development activities in Asia during 2016 and early 2017, identifying where the money is going, and how. Explore the data in our interactive visualization.