MKI Perspective – Written by Viktor Buzna & Péter Goreczky
The European Union launched its official Strategy for Cooperation with the Indo-Pacific in 2021. The Indo-Pacific framework, which has a long history but has become particularly relevant over the past decade, is well-founded from both political and economic perspectives for joint management by the European Union. The potential of the region is difficult to argue as the Indo-Pacific produces around 60 percent of global GDP and has an outstanding population growth. However, the EU had already been engaging the Indo-Pacific but there was plenty of room to enhance collaboration in the domains of security and defense, digital governance, connectivity, and green transition.