Reducing poverty and supporting sustainable development
In 2020 the EU and its Member States remain the largest donor to ASEAN and its Member States. Today the relationship is stronger, deeper and more important than ever. Only by working together can global challenges be addressed successfully. The most urgent of these include responding to the climate emergency, achieving the Sustainable Development Goals (SDGs), and ensuring the protection of the environment while maintaining sustainable economic growth.
EU-ASEAN development cooperation continues to develop rapidly. Together we are expanding new mechanisms for development financing such as the blending of grants and loans and exploring innovative methods of cooperation such as triangular and South- South cooperation. The shared commitment to the 2030 Agenda and the SDGs was reconfirmed through the second ASEAN-EU Dialogue on Sustainable Development in February 2020.