Window of opportunity in Asia: economic turmoil offers a second chance to EU companies

Investigates EU‐Asian economic relations and identifies some of the factors that can explain their lag vis‐à‐vis Japan and the USA. Argues that the Asian economic turmoil offers the EU a second chance to catch up in their economic relations with the region. Argues further that recent EU initiatives and the European recovery will make it easier for Asian countries to expand their exports to Europe than to the USA and Japan.