How the EU s new energy plans impact Southeast Asia | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
As European countries turn to energy suppliers in Southeast Asia, driving up global prices, there are concerns that other developing countries are being forced to spend more on increasingly expensive LNG or coal.
After decades of support for globalization and free trade, the European Union (EU), in recent times has started adopting an inward approach which is impacting its trade with south-east Asia in particular, a media report said.
Southeast Asians think that remaining neutral is impractical and that the Association of Southeast Asian Nations (ASEAN) bloc must choose between the United States or China, according to a survey.
The EU and China have pledged to boost funding of green investment projects in ASEAN. But will these erstwhile partners, whose relations have soured over the past year, be able to work side by side?