EU working to increase economic, security ties in Pacific | Inquirer Business

EU working to increase economic, security ties in Pacific

/ 05:48 PM August 16, 2022
Delegates to Indo-Pacific Ministerial Forum

Delegates attend the Indo-Pacific Ministerial Cooperation Forum as part of the French Presidency of the EU Council in Paris, France, on Feb. 22, 2022. Christophe Archambault/Pool via REUTERS/File photo

WELLINGTON- The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies, the bloc’s ambassador to Pacific Island nations said on Tuesday.

Ambassador Sujiro Seam told Reuters in an interview during a visit to New Zealand the EU had long been seen as a development partner in the Pacific and that it wanted to be perceived as an economic and strategic partner as well.

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The EU’s push comes as major powers are vying for influence in the region, with the United States and Australia ramping up engagement in the Pacific after China signed a security pact with the Solomon Islands this year.

“The geostrategic importance of the Pacific is recognized by everyone, including the European Union,” Seam said.

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The European Union has long had a presence in the Pacific, mostly via France’s ties to French Polynesia.

In 2021, the European Union set out a formal Indo-Pacific strategy and announced a 300 billion euro ($305 billion) global infrastructure fund that Seam said was helping to boost ties.

The EU has several development projects underway in the region and is looking at more, he said, noting it is finalizing plans to spend 5 million euros on a feasibility study for a wharf on Kiritimati Island in Kiribati.

“We’ve always said our position in the region is not against anybody. We’re not here to contain China,” Seam said.

However, when countries make decisions on who to partner with it is important they assess the consequences such as whether they are being offered development aid or loans.

“Most of the assistance from China actually … it’s loans. So that increases the debt vulnerability of these countries.”

Part of the strategy to boost the EU’s presence in the Pacific is to provide economic opportunities, Seam said, and it has signed a number of trade partnerships with Pacific governments and is negotiating a similar agreement with Tonga to allow it better access to European markets.

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He said the EU also planned to step up its footprint in maritime surveillance in the Indo-Pacific. The French military, which often has assets in the region, has been used to provide EU support in the past.

($1 = 0.9843 euros)

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TAGS: cooperation, Economic, EU, pacific, Security
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