Global Gateway: EU and its Member States to mobilise €10 billion for South-East Asia

During the EU-ASEAN Commemorative Summit, the EU and its Member States, in a Team Europe approach, announced the mobilisation of €10 billion as part of Global Gateway to accelerate infrastructure investments in ASEAN countries.

This package will focus on the green transition and sustainable connectivity in South-East Asia, underpinned by two Team Europe Initiatives: the Sustainable Connectivity Initiative and the Green Team Europe Initiative.

Investments will focus on energy, transport, digitalisation, education and promote trade and sustainable value chains. They will support South-East Asia's transition to a green economy, better access to essential services, and economic opportunities and jobs.

President Ursula von der Leyen said: “Today we celebrate 45 years of cooperation between two regions that believe in multilateralism and a rules-based world order. Global Gateway will further deepen our strategic partnership. The Sustainable Connectivity Initiative will strengthen ASEAN's economy, create jobs and be a catalyst in our fight against climate change.”

Team Europe Initiative on Sustainable Connectivity

The Sustainable Connectivity Initiative will accelerate infrastructure investment in South-East Asia. The Sustainable Connectivity Team Europe Initiative will support the ASEAN electric grid interconnections to improve access to renewable energy, invest in digitalisation including in connectivity via submarine cables, and promote environmentally, economically, and socially sustainable value chains.

Green Team Europe Initiative in partnership with South East Asia

The Green Team Europe Initiative launched with the ASEAN on 18 November 2021 will strengthen the EU's partnership with the region in areas including climate action, environmental and biodiversity protection, clean energy transition, disaster resilience, prevention of illegal logging, wildlife trafficking and air pollution. It provides the framework for coordinated green action between participating Team Europe partners and ASEAN and its Member States.

Background

Global Gateway is Europe's offer to its partners for smart, clean and secure infrastructures and links. It boosts sustainable investments in digital, transport, energy and climate relevant sectors and in health, education and research systems. It will help to tackle the most pressing global challenges, from fighting climate change, to improving health systems, and making economies more resilient.

The €10 billion package consists of grants from the EU budget and the estimated amount of loans on favourable terms for investment projects that will be leveraged by the EU budget and Member States' public funding.

For More Information

Factsheet ‘Global Gateway – EU-ASEAN'

Video 

Speech by President von der Leyen at the opening ceremony of the EU-ASEAN Commemorative Summit