Book contents
- Frontmatter
- Contents
- Tables
- Abbreviations
- Contributors
- Preface
- 1 Australia’s ‘Engagement with Asia’
- 2 An Overview
- 3 The Rhetoric of Asia
- 4 Australia and Asia: A View From Europe
- 5 Australia’s Defence Policies in the Post–Cold War Era
- 6 Australia, Disarmament and Arms Control
- 7 Australia and the World Economy 1991–95: Closer Economic Integration with Asia?
- 8 Australia and the International Environment
- 9 Australia and Japan
- 10 Australia and Southeast Asia
- 11 Australia and China, 1991–95: Asymmetry and Congruence in the Post–Cold War Era
- 12 Australia and the Four Asian Dragons: Beyond the Economic Agenda?
- 13 Reassessed: Australia’s Relationship with the United States
- 14 Australia and the European Union
- 15 Australian Relations with the Former Communist States of Europe and the Soviet Union
- 16 Australia and New Zealand: Unequal Partners on the Periphery
- 17 Australia and the South Pacific: The Rationalist Ascendancy
- Notes
- Index
14 - Australia and the European Union
Published online by Cambridge University Press: 04 May 2024
- Frontmatter
- Contents
- Tables
- Abbreviations
- Contributors
- Preface
- 1 Australia’s ‘Engagement with Asia’
- 2 An Overview
- 3 The Rhetoric of Asia
- 4 Australia and Asia: A View From Europe
- 5 Australia’s Defence Policies in the Post–Cold War Era
- 6 Australia, Disarmament and Arms Control
- 7 Australia and the World Economy 1991–95: Closer Economic Integration with Asia?
- 8 Australia and the International Environment
- 9 Australia and Japan
- 10 Australia and Southeast Asia
- 11 Australia and China, 1991–95: Asymmetry and Congruence in the Post–Cold War Era
- 12 Australia and the Four Asian Dragons: Beyond the Economic Agenda?
- 13 Reassessed: Australia’s Relationship with the United States
- 14 Australia and the European Union
- 15 Australian Relations with the Former Communist States of Europe and the Soviet Union
- 16 Australia and New Zealand: Unequal Partners on the Periphery
- 17 Australia and the South Pacific: The Rationalist Ascendancy
- Notes
- Index
Summary
Despite the recent focus on Asia, the relationship with the European Union (EU) has, between 1991 and 1995, remained very important to Australia in a number of ways. These have been years when the EU has established and maintained its place as Australia’s largest economic partner if investment is added to merchandise and service trade. The EU is the world’s largest trader, accounting for 20 per cent of world trade (as compared with the United States at 16.3 per cent, and Japan at 8.2 per cent). Further, the EU is the largest source of foreign direct investment (FDI) and one of Australia’s largest partners in trade in goods and services. For the EU, Australia is a growing market and provider of direct foreign investment and a potential base for EU companies in the Asia-Pacific region.
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- Chapter
- Information
- Australia in World Affairs 1991–1995Seeking Asian Engagement, pp. 167 - 180Publisher: Cambridge University PressFirst published in: 2024