The EU Should Call The Slogan "Look East".

Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce and international trade and economic cooperation, has expressed his views on this issue. He told the China made press that the EU is the result of the continuous development of multilateral trade, but its multilateral degree has been very high. It is difficult to find more room for change with the enlargement of the EU enlargement, but on the contrary, bilateral trade is not obvious.

So in this case, it is also actively seeking the object of bilateral agreements.

The European Commission commented that it is "the most ambitious" ever signed by the European Union.

At the present stage, South Korea is the eighth largest trading partner of the European Union, and the EU is the second largest export destination of South Korea. The trade volume between the two sides last year was 62 billion euros.

It is understood that the agreement will give European manufacturers 19 billion euros worth of new export orders.

In September this year, Steven Fanaker, Belgian Foreign Minister of the rotating presidency of the European Union, said that this was one of the first bilateral trade agreements that made economic relations between Europe and Asia closer, and made a big step for the European enterprises to open up the Asian market.

Not only South Korea, but also other Asian countries have expressed interest in cooperation with the European Union.

India is expected to complete negotiations on the FTA with the EU by the end of this year. Singapore, Malaysia and other countries have already signed negotiations on the FTA with the EU.

At the same time, Vietnam, Thailand and Japan jointly expressed their willingness to conclude bilateral FTA with the European Union.

Even the Asia Europe summit not long ago has become a platform for building bilateral relations between Asian countries and the European Union. Barroso, chairman of the European Commission, said at Asia Europe summit that Asia is probably the most dynamic region in the world in terms of economy.

Bai Ming said that the current situation and potential of Asian market development have made the European Union take a different look, especially the speed of development of China and India.

In addition, Europe and the United States experienced no financial crisis and European debt crisis. It is hard to find the bright spot of economic growth and maintain the status quo.

He further analyzed that although the EU is less affected than the United States in the crisis, the EU's problems are not small, but the economic volume is wrapped up in a large number of problems. If we need to find new economic growth points, we must seize Asia.

In particular, China and India, compared with the other two BRICs, which rely on resources, China India as the middle reaches of the industrial chain can provide great potential opportunities for the EU.

According to the Xinhua news agency, according to the statistics from the European Union statistics bureau, the total value of trade in goods between the EU and the 18 Asia Pacific summit countries and Russia in the eight years from 2000 to 2008 almost doubled.

As of the first half of this year, the EU's exports to the 19 countries accounted for 29% of its total exports, and imports from these countries accounted for 45%.

At present, Asian and European countries attending the Asia Europe summit account for half of the total global economy.