Algeria was part of many different empires and dynasties in its history before it became independent in 1962. The EU-Algeria Association Agreement of 2002, which came into force in 2005, laid the foundations for cooperation in several areas.^[12] Among other things, tariffs were almost completely abolished by the end of 2020.^[12] In 2017, new common objectives of the EU and Algeria were defined and adopted. Algeria is part of the Union for the Mediterranean which laid the foundation for a freetrade area for goods between the EU and all of the member countries.^[13] The EU was Algeria's most important trading partner in 2019, accounting for nearly half of the country's international trade. Furthermore, the EU supports Algeria in joining the WTO since 2014.^[12][14]

In 2021 Bahrain signed, as most of the other gulf states, a Cooperation Agreement that aims to intensify cooperation with the EU on a political and economic level. Moreover, with its fellow GCC members it takes part in projects promoting diplomatic cooperation, renewable energies, economic diversification and cultural exchange.^[15]

In January 2021, a joint letter concerning the deterioration of the human rights situation in Bahrain was written to the European Union. The letter was undersigned by the human rights and advocacy groups from around the world, including ADHRB, Amnesty International, Freedom House, CIVICUS, PEN International, etc.^[16] The EU members were demanded to address the deteriorating condition of human rights in Bahrain with the Bahraini delegation expected to visit Brussels on February 10, 2021, for an EU-Bahrain interactive human rights dialogue.^[16] The letter called out the arbitrary detention of journalists for their critical work in Bahrain, unfair prosecution of defense lawyers, human rights defenders, and opposition leaders, death penalty, and mistreatment of prisoners. The European External Action Services (EEAS) acknowledged the letter on 25 January 2021.^[16]

 

(Organisation)

The foundation of the relationship between the European Union and the Gulf region was laid in 1988, when the Gulf Cooperation Council (including Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates) signed the Cooperation Agreement with the EU. The objective of this treaty is the intensification of relations, mainly in political and economic sectors and research.^[17][18][19] Today, exchange between the EU and the GCC takes place on many different levels; diplomatically, economically and culturally. The economic relations between the EU and the GCC are of crucial importance for both sides, illustrated by the fact that the EU is the second largest trading partner of the Gulf region, after China.^[20][21] In 2018 the "EU-GCC Dialogue on Economic Diversification" project was established, which is supposed to strengthen economic exchange with a focus on the diversification of the gulf's economy.^[22] The European Green Deal, which could be seen as a threat to the Gulf state's fossil fuel depended economy, has lately also been perceived as an opportunity to prepare for the post-oil era.^[23] For this purpose, the UG-GCC clean energy network was founded in 2010, which is a partnership focused on increasing renewable and clean energy in both regions.^[24] In 2020 the political and diplomatic partnership was renewed and intensified through the "Enhanced EU-GCC Political Dialogue, Cooperation and Outreach" treaty. On a cultural level, projects such as Erasmus+ promote cultural exchange between the regions and enable students and young people to study and research abroad.^[25]

In 2004 the Association Agreement came into effect, which laid the foundation for future cooperation between the EU and Egypt. Moreover, a free trade area was established, which the EU aims to intensify further.^[26] In 2020 trade between Egypt and the EU was worth 24.5 million EUR, which makes the EU Egypt's main trading partner. Furthermore, both cooperate within the Union for the Mediterranean.^[27]

In 2017 the terms of the partnership were revised, due to the new European Neighborhood policy. Egypt and the EU agreed on distinct guidelines that should shape the relationship until 2020. Therein, they focused on the Egyptian "Sustainable Development Strategy – Vision 2030" and emphasized their shared values of human rights and democracy.^[26]

At large, the partnership focuses on the promotion of societal prosperity and justice, for example in terms of education and healthcare, as well as in regard to the protection of minority groups. Another core theme is the funding of economic development, for instance in the form of investment into renewable energies with the goal to enhance sustainability.^[26]

When it comes to foreign policy, the EU and Egypt seek to follow a joint agenda, which aims at stabilizing the Mediterranean region, as well as the Middle East and Africa. This includes tackling economic and political issues, such as combating radicalisation and terrorism. Furthermore, the EU intends to intensify its cooperation with the League of Arab States (LAS), which is hosted by Egypt.^[26][28]

On the other hand, the start of the Iraq war in 2003 also revealed large disunity between the EU member states concerning the United States’ military intervention in Iraq. This made a coherent and mutual foreign policy towards the situation in Iraq difficult.^[29]

Due to Iran's nuclear programme there are several sanctions in place against the country, which regulate and complicate trade. Prior to the implementation of these sanctions, the EU was the most important trading partner of Iran, although the two parties have no trade agreement. In connection with JCPOA, which was signed in 2015 and to which the EU belongs, some sanctions were eased in contrast there were stricter conditions for Iran's nuclear program. With the withdrawal of the U.S. in 2019, sanctions came into force again but some EU states partially bypassed them through the specially established INSTEX.^[30] Also, the EU supports Iran in the attempt to become a WTO member.^[31][32][33]

In 1995 Israel became a member of the EUs Southern Neighborhood. Trade between the EU and Israel is conducted on the basis of the Association Agreement, which came into effect in 2000.^[34] The European Union is Israel's major trading partner.^[35] In 2004 the total volume of bilateral trade (excluding diamonds) came to over €15 billion. 33% of Israel's exports went to the EU and almost 40% of its imports came from the EU.

Under the Euro-Mediterranean Agreement from 2000, the EU and Israel agreed on free trade regarding industrial products.^[36] The two sides have granted each other significant trade concessions for certain agricultural products, in the form of tariff reduction or elimination, either within quotas or for unlimited quantities. However, goods from Israeli settlements in the Israeli-occupied territories are not subjected to the free trade agreement, as they are not considered Israeli. In 2009, a German court solicited the European Court of Justice for a binding ruling on whether goods manufactured in Israeli settlements in the Israeli-occupied territories should fall under duty exemptions in the Association Agreement. The German government stated as its position that there can be no exemption from customs duty for "goods from the occupied territories".^[37] The court, agreeing with the German government, ruled in February 2010 that settlement goods were not entitled to preferential treatment under the customs rules of the EU-Israel Association Agreement, and allowed the EU to impose import duties on settlement products.^[38]

In December 2009, the Council of the European Union endorsed a set of conclusions on the Israeli–Palestinian conflict which forms the basis of present EU policy.^[39] It reasserted the objective of a two-state solution, and stressed that the union "will not recognise any changes to the pre-1967 borders including with regard to Jerusalem, other than those agreed by the parties." It recalled that the EU "has never recognised the annexation of East Jerusalem" and that the State of Palestine must have its capital in Jerusalem.^[40]

A year later, in December 2010, the Council reiterated these conclusions and announced its readiness, when appropriate, to recognise a Palestinian state, but encouraged a return to negotiations.^[41] Eight of its then 27 member states had recognised the State of Palestine.

In 2020 Israel was the EU's 24th biggest trading partner and the EU was the most important trading partner of Israel.^[34]

Exchange and cooperation between Kuwait and the EU have intensified since July 2016, after the completion of the EEAS agreement (Cooperation Agreement with the European External Action Service). In terms of economic connections, the EU is of major importance to Kuwait and constitutes Kuwait's third biggest trading partner.^[43]

Libya is a member of the Southern Neighborhood, but has, unlike the other member states, no free trade agreement with the EU.^[46] Libya is also not a member of the Union for the Mediterranean, but functions as an observer since 1999.^[47]

Prior to the 2011 Libyan civil war, the EU and Libya were negotiating a cooperation agreement which has now been frozen.^[48] The EU worked to apply sanctions over the Libyan conflict, provide aid and some members participated in military action.^[49] Since 2016, the EU has been working closely with the Libyan Coast Guard to regulate flight routes across the Mediterranean towards the EUs external border. Human rights organizations accuse the parties involved in this cooperation of serious crimes, including crimes against humanity.^[50][51]

Since 2016 the EU Global Strategy puts a special focus on the North African countries, of which Libya is often seen playing an important role for prosperity and security in the Mediterranean region.^[52][53]

In 2020 the EU was Libya's most important trade partner.^[46]

The relationship between the EU and Oman focuses on the energy sector and maritime security, for example in combating piracy in Africa.^[55] In 2018 the Cooperation Agreement was signed, which is supposed to strengthen economic exchange, with an emphasis on controlling illegal fishing, and promoting clean energy and non-oil exports.^[55][56]

Relations between the European Union and the Palestine Liberation Organisation (PLO) were established in 1975 as part of the Euro-Arab Dialogue.^[57] The EU is a member of the Quartet and is the single largest donor of foreign aid to Palestinians.^[58][59]

Palestine has been a member of the EU Southern Neighborhood since 1995.

The EU maintains a representative office in Ramallah, accredited to the PNA.^[60] The PLO's general delegation in Brussels, accredited to the EU,^[61] was first established as an information and liaison bureau in September 1976.^[62] Other representations are maintained in almost every European capital, many of which have been accorded full diplomatic status.^[57]

In western Europe, Spain was the first country granting diplomatic status to a PLO representative, followed later by Portugal, Austria, France, Italy and Greece.^[63]

The EU has insisted that it will not recognise any changes to the 1967 borders other than those agreed between the parties. Israel's settlement program has therefore led to some tensions, and EU states consider these settlements illegal under international law.^[64][65]

In July 2009, EU foreign policy chief Javier Solana called for the United Nations to recognise the Palestinian state by a set deadline even if a settlement had not been reached: "The mediator has to set the timetable. If the parties are not able to stick to it, then a solution backed by the international community should ... be put on the table. After a fixed deadline, a UN Security Council resolution ... would accept the Palestinian state as a full member of the UN, and set a calendar for implementation."^[66]

In 2011, the Palestinian government called on the EU to recognise the State of Palestine in a United Nations resolution scheduled for 20 September. EU member states grew divided over the issue. Some, including Spain, France and the United Kingdom, stating that they might recognise if talks did not progress, while others, including Germany and Italy, refused. Catherine Ashton said that the EU position would depend on the wording of the proposal.^[67] At the end of August, Israel's defence minister Ehud Barak told Ashton that Israel was seeking to influence the wording: "It is very important that all the players come up with a text that will emphasise the quick return to negotiations, without an effort to impose pre-conditions on the sides."^[68]

Trade is very much affected and restricted by the ongoing conflict between Israel and Palestine.^[69]

The first embassy of the European Union was established in Riyadh in 2004. In October 2021 a Cooperation Agreement was signed, which emphasizes the regions’ cooperation in political and technical sectors and schedules a yearly exchange meeting between senior officials.^[72] The EUNIC cluster (European Union National Institutes for Culture) has been active since 2021 and supports cultural exchange. In terms of economic cooperation, the EU is of major importance, since it is, after China, Saudi Arabia's 2nd biggest trading partner and imports Saudi Arabian oil and chemicals.^[72][55] Geopolitically, Saudi Arabia does not consider the European Union to be a main player and orients itself more towards the US. An exemption of this are France and the United Kingdom, who are, for historic reasons and due to their seats in the UN Security Council, of particular importance for Saudi Arabia. Moreover, Germany is increasingly mentioned as an important partner as well.^[73] Criticism about human rights violations in the country, voiced by EU member states, have complicated the diplomatic relationship, even though the criticism itself had little influence on Saudi Arabian politics.^[74]

South Africa has strong cultural and historical links to the European Union (EU) (particularly through immigration from the Netherlands, the United Kingdom (a former member), Germany, France, and Greece) and the EU is South Africa's biggest investor.^[75]

Since the end of South Africa's apartheid, EU South African relations have flourished and they began a "Strategic Partnership" in 2007. In 1999 the two sides signed a Trade, Development and Cooperation Agreement (TDCA) which entered into force in 2004, with some provisions being applied from 2000. The TDCA covered a wide range of issues from political cooperation, development and the establishment of a free trade area (FTA).^[75]

South Africa is the EU's largest trading partner in Southern Africa and has a FTA with the EU. South Africa's main exports to the EU are fuels and mining products (27%), machinery and transport equipment (18%) and other semi-manufactured goods (16%). However they are growing and becoming more diverse. European exports to South Africa are primarily machinery & transport equipment (50%), chemicals (15%) and other semi-machinery (10%).^[76]

The EU is one of South Sudan's main partners in sectors such as trade, political relationships, peacekeeping and humanitarian aid.^[77][78] It supported the country after its declaration of independence in 2011.^[78] Following the outbreak of the civil war in 2013, the EU abandoned their civil mission EUAVSEC (European Union Aviation Security CSDP Mission in South Sudan) and since has not renewed it.^[79] Nevertheless, the EU has supported South Sudan in many different areas since the beginning of the crisis. For instance, the EU Parliament has condemned human rights violations in the country in the context of the civil war.^[79] Furthermore, the EU supports the IGAD and has provided 1 billion Euro of humanitarian aid since 2011. It supported the peace process in the country in the form of the development of the RARCSS (Revitalized Agreement on the Resolution of Conflict in South Sudan).^[78] In 2014 the EU also implemented an arms embargo targeting both Sudan and South Sudan.^[79] Following the COVID-19 crisis in 2020, the EU aided the country through financial and material support.^[78]

Even though EU member states kept tolerating the Assad regime during the uprisings in March 2011, they later demanded Bashar al-Assad to step down and enable the democratisation of Syria. Following the escalation of the protests into a civil war, the EU imposed economic and military sanctions and ended its diplomatic relationships with Syria with the goal of changing the regime. The Syrian government managed to circumvent most of these sanctions by diversifying its trade relationships and importing arms from other non-EU states. In 2013 a disagreement between EU member states about whether Syrian rebel groups should be supported, resulted in relieving oppositional groups from the arm embargo.^[85]

The western approach towards to Syrian crisis changed in 2014 when the terror organisation ISIS gained power. The EU shifted its focus from the Assad regime towards the fight against the Islamic State due to increasing security concerns. Actions implemented by the EU included humanitarian aid and support for the rebel groups. Even though the EU states never actively took part in military actions in Syria, they supported already existing oppositional groups in Syria and the US-led coalition through financial and material assistance.^[85]

The US’ military cooperation with the PYD/YPG brought the EU into a difficult situation. Since Turkey recognises the PYD as a terror group, EU states were worried it could threaten their relationship to Turkey.^[85]

The influx of multiple million Syrian refugees into the EU, especially in 2015, led to disunion between European states concerning the allocation of the migrants.^[85]

In March 2021 the EU, in cooperation with the UN, approved a new aid package of 5.3 EUR billion targeted at improving the humanitarian situation in Syria and its neighbour countries. Sanctions on the Syrian government and Syrian individuals will stay in place until at least 1 June 2022.^[86]

Tunisia was the first Mediterranean country to sign an association agreement with the EU and fully implement it, enabling a free trade area, in 1998.^[87] It participates in the Union for the Mediterranean and has signed a dispute mechanism agreement with the EU.^[87] While the EU is of major importance for the Tunisian economy, constituting its largest trading partner in 2020, Tunisia only accounted for 0,5% of European foreign trade.^[87]

Furthermore, Tunisia and the EU are in constant negotiations to deepen the cooperation and relations between the countries.^[87][88]

In 2021 the European parliament passed a resolution condemning human rights violations by the government of the UAE and demanded the release of multiple human rights activists who had been imprisoned.^[91] The Arab league subsequently questioned the EU's right to judge the political situation in Middle Eastern countries.^[92]

In 2017, Federica Mogherini, the foreign minister of the European Union stirred controversy and diplomatic confusion over her statement that the trade agreements between Morocco and the EU would not be affected by the 2016 ruling by the European Court of Justice on the scope of trade with Morocco. This ruling confirmed that bilateral trade deals, such as the EU–Morocco Fisheries Partnership Agreement, covers only agricultural produce and fishing products originating within the internationally recognized borders of Morocco, thus explicitly excluding any product sourced from Western Sahara or its territorial waters. The international community, including the EU, unanimously rejects Morocco's territorial claim to Western Sahara.^{[93][94][95][96]}

The European Union relations and cooperation with Barbados are carried out both on a bilateral and a Caribbean-regional basis. Barbados is party to the Cotonou Agreement, through which As of December 2007^[update] it is linked by an Economic Partnership Agreement with the European Commission. The pact involves the Caribbean Forum (CARIFORUM) subgroup of the African, Caribbean and Pacific Group of States (ACP). CARIFORUM is the only part of the wider ACP-bloc that has concluded the full regional trade-pact with the European Union. There are also ongoing EU-Community of Latin American and Caribbean States (CELAC) and EU-CARIFORUM dialogues.^[100] The Mission of Barbados to the European Union is located in Brussels, while the Delegation of the European Union to Barbados and its regional neighbors is in Bridgetown.

Canada's relationship with Europe is an outgrowth of the historic connections spawned by colonialism and mass European immigration to Canada. Canada was first settled by the French, and after 1763 was formally added to the British Empire after its capture in the Seven Years' War. The links may diminish after the United Kingdom left the EU in 2020: the UK has extremely close relations with Canada, due to its British colonial past and both being realms of the Commonwealth.

Historically, Canada's relations with the UK and USA were usually given priority over relations with continental Europe. Nevertheless, Canada had existing ties with European countries through the Western alliance during the Second World War, the United Nations, and NATO before the creation of the European Economic Community.

The history of Canada's relations with the EU is best documented in a series of economic agreements:

In 1976 the European Economic Community (EEC) and Canada signed a Framework Agreement on Economic Co-operation, the first formal agreement of its kind between the EEC and an industrialized third country.

Also in 1976 the Delegation of the European Commission to Canada opened in Ottawa.

In 1990 European and Canadian leaders adopted a Declaration on Transatlantic Relations, extending the scope of their contacts and establishing regular meetings at Summit and Ministerial level.

In 1996, a new Political Declaration on EU-Canada Relations was made at the Ottawa Summit, adopting a joint Action Plan identifying additional specific areas for co-operation.

A 2.6-billion euro financial package for Latin America was also put forward^[101] with 840-million euro for Central America.^[103] A major forum for European relations with Latin America is the Latin America, the Caribbean and the European Union Summit, a biannual meeting of heads of state and government held since 1999.

The European Union and the United States have held diplomatic relations since 1953.^[104] The two Unions play leading roles in international political relations, and what one says matters a great deal not only to the other, but to much of the rest of the world.^[105] And yet they have regularly disagreed with each other on a wide range of specific issues, as well as having often quite different political, economic, and social agendas. Understanding the relationship today means reviewing developments that predate the creation of the European Economic Community (precursor to today's European Union)

Euro-American relations are primarily concerned with trade policy. The EU is a near-fully unified trade bloc and this, together with competition policy, are the primary matters of substance currently between the EU and the USA. Both are dependent upon the other's economic market and disputes affect only 2% of trade. See below for details of trade flows.[5]

Australia and the European Union (EU) have strong historical and cultural ties. The two have solid relations and often see eye-to-eye on international issues. The EU-Australian relations are founded on a Partnership Framework, first agreed in 2008. It covers not just economic relations, but broader political issues and cooperation.^[108]

The EU is Australia's second largest trading partner, after China, and Australia is the EU's 17th. Australia's exports is dominated by mineral and agricultural goods. However 37% of trade is in commercial services, especially transportation and travel. EU corporations have a strong presence in Australia (approximately 2360) with an estimated turnover of €200 bn (just over 14% of total sales in Australia). These companies directly created 500,000 jobs in Australia. The EU is Australia's second largest destination of overseas investment and the EU is by far Australia's largest source of foreign investment €2.8 billion in 2009 (€11.6 billion in 2008). Trade was growing but ebbed in 2009 due to the global financial crisis.^[109]

A Free Trade Agreement between Australia and the EU is currently under negotiation, with conclusion expected in 2023.^[110]

There have been some disputes, such as the dispute over textile imports into the EU (see below). China and the EU are increasingly seeking cooperation, for example China joined the Galileo project investing €230 million and has been buying Airbus planes in return for a construction plant to be built in China; in 2006 China placed an order for 150 planes during a visit by the French President.^[113] Also, despite the arms embargo, a leaked US diplomatic cable suggested that in 2003 the EU sold China €400 million of "defence exports" and later, other military grade submarine and radar technology.

Interest in closer relations started to rise as economic contacts increased and interest in a multipolar system grew. Although initially imposing an arms embargo on China after Tiananmen (see arms embargo section below), European leaders eased off China's isolation. China's growing economy became the focus for many European visitors and in turn Chinese businessmen began to make frequent trips to Europe. Europe's interest in China led to the EU becoming unusually active with China during the 1990s with high-level exchanges. EU-Chinese trade increased faster than the Chinese economy itself, tripling in ten years from US$14.3 billion in 1985 to US$45.6 billion in 1994.^[114]

However political and security co-operation was hampered with China seeing little chance of headway there. Europe was leading the desire for NATO expansion and intervention in Kosovo, which China opposed as it saw them as extending US influence. However, by 2001 China moderated its anti-US stance in the hopes that Europe would cancel its arms embargo but pressure from the US led to the embargo remaining in place. Due to this, China saw the EU as being too weak, divided and dependent on the US to be a significant power. Furthermore, it shared too many of the US' concerns about China's authoritarian system and threats of force over Taiwan. Even in the economic sphere, China was angered at protectionist measures against its exports to Europe and the EU's opposition to giving China the status of market economy in order to join the WTO.^[114]

However, economic cooperation continued, with the EU's "New Asia Strategy", the first Asia–Europe Meeting in 1996, the 1998 EU-China summit and frequent policy documents desiring closer partnerships with China. Although the 1997 Asian Financial Crisis dampened investors enthusiasm, China weathered the crisis well and continued to be a major focus of EU trade. Trade in 1993 saw a 63% increase from the previous year. China became Europe's fourth largest trading partner at this time. Even following the financial crisis in 1997, EU-Chinese trade increased by 15% in 1998.^[114]

The EU and Japan share values of democracy, human rights and market economics. Both are global actors and cooperate in international fora. They also cooperate in each other's regions: Japan contributes to the reconstruction of the western Balkans and the EU supports international efforts to maintain peace in Korea and the rest of Asia.^[116]

The EU Japanese relationship is anchored on two documents: the Joint Declaration of 1991 and the Action Plan for EU-Japan Cooperation of 2001. There are also a range of fora between the two, including an annual summit of leaders and an inter-parliamentary body.^[116] Both sides have now agreed to work towards a deep and comprehensive free trade agreement. Four agreements thus far have been signed by the two sides;^[117]

• The EU-Japan Mutual Recognition Agreement (entered force on 1 January 2002)
• An Agreement on Co-operation on Anti-competitive Activities (adopted 16 June 2003)
• A Science and Technology Agreement between the EU and Japan (signed 30 November 2009)
• The Agreement on Co-operation and Mutual Administrative Assistance (entered force on 1 February 2008)

Japan is the EU's 6th largest export market (3.2% in 2010 with a value of €44 billion). EU exports are primarily in machinery and transport equipment (31.3%), chemical products (14.1%) and agricultural products (11.0%). Despite a global growth in EU exports, since 2006 EU exports to Japan have been declining slightly. In 2009, due to the global financial crisis, exports saw a 14.7% drop; however in 2010 they recovered again by 21.3%. Japan is also the 6th largest source of imports to the EU (4.3% in 2010 with a value of €65 billion). Japanese exports to Europe are primarily machinery and transport equipment (66.7%). The EU is Japan's 3rd largest trading partner (11.1% of imports, 13.3% exports). Trade in commercial services were €17.2 billion from the EU to Japan and €12.7 billion from Japan to the EU.^[117]

The trade relationship between the two has been characterised by strong trade surpluses for Japan, though that has moderated in the 2000s. Doing business and investing in Japan can be difficult for European countries and there have been some trade disputes between the two parties. However the slowdown in the Japanese economy encouraged it to open up more to EU business and investment.^[117] While working on reducing trade barriers, the main focus is on opening up investment flows.^[116]

The relations started with the 1980 European Commission–ASEAN Agreement and were developed since the formation of European Economic Community (EEC) in 1957.^[118][119]

In 2011, Malaysia is the European Union second largest trading partner in Southeast Asia after Singapore and the 23rd largest trading partner for the European Union in the world,^[119][120] while the European Union is Malaysia's 4th largest trading partner.^[121]

New Zealand and the European Union (EU) have strong historical and cultural ties. The two have solid relations and often see eye-to-eye on international issues. The EU-New Zealand relations are founded on a Joint Declaration on Relations and Cooperation, first agreed in 2007. It covers not just economic relations, but broader political issues and cooperation.^[122]

The EU is New Zealand's second largest trading partner, after Australia, and New Zealand is the EU's 49th. New Zealand's exports is dominated by agricultural goods. The stock of EU foreign direct investment in New Zealand is €9.8bn and the stock of New Zealand's investment in the EU is €4.5bn.^[123] A Free Trade Agreement between the EU and New Zealand is expected to be signed in early 2023.^[124]

The Republic of Korea (South Korea) and the European Union (EU) are important trade partners: Korea is the EU's 9th largest trading partner and the EU is Korea's second largest export market. The two have signed a free trade agreement which will be provisionally applied by the end of 2011.^[126]

The first EU – South Korea agreement was Agreement on Co-operation and Mutual Administrative Assistance in Customs Matters (signed on 13 May 1997).^[127] This agreement allows the sharing of competition policy between the two parties.^[128] The second agreement, the Framework Agreement on Trade and Co-operation (enacted on 1 April 2001). The framework attempts to increase co-operation on several industries, including transport, energy, science and technology, industry, environment and culture.^[128][129]

In 2010, the EU and Korea signed a new framework agreement and a free trade agreement (FTA) which is the EU's first FTA with an Asian country and removes virtually all tariffs and many non-tariff barriers. On the basis of this, the EU and Korea decided in October 2010 to upgrade their relationship to a Strategic Partnership. These agreements will be provisionally in force by the end of 2011.^[126]

EU-Korea summits have taken place in 2002 (Copenhagen), 2004 (Hanoi) and 2006 (Helsinki) on the sidelines of ASEM meetings. In 2009, the first stand alone bilateral meeting was held in Seoul. The European Parliament delegation for relations with Korea visits the country twice a year for discussions with their Korean counterparts. Meetings at foreign minister level take place at least once a year on the sidelines of ASEAN regional form meetings, however meetings between the Korean foreign minister and the EU High Representative have occurred more frequently, for example at G20 meetings. At hoc meetings between officials occur nearly monthly.^[130]

Further Information: Foreign relations of South Korea#Europe.^[131]