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Policy Paper
September 2024

Deploying Europe’s Economic Security Policy in the Indo-Pacific Region

Authors
Mathieu Duchâtel
Resident Senior Fellow and Director of International Studies

Dr. Mathieu Duchâtel is a Resident Senior Fellow for Asia at Institut Montaigne, and Director of International Studies.

Claire Lemoine
Project Manager - Asia Program

Claire Lemoine is Project Manager for the Asia Program of Institut Montaigne. As such, she coordinates all activities, events and publications of the Program and contributes to the definition of its strategy.

Economic security policies and strategies focused on the Indo-Pacific region are gaining increasing attention among policymakers across Europe. However, the potential link between these two emerging areas of public policy remains largely underexplored, despite the tangible opportunities the Indo-Pacific framework presents for enhancing economic security.

Deploying Europe’s Economic Security Policy in the Indo-Pacific Region

Economic security is a relatively new and still evolving concept which includes public policies aimed at reducing our vulnerabilities to risks, especially in the following areas:

- Supply chain resilience
- Critical infrastructures
- Technology transfers
- Economic coercion

With initiatives like the Indo-Pacific Economic Framework (IPEF) and the Quad, the region is becoming a crucial area for adressing economic security issues.

However, European states and the EU remain ont the sidelines of these coalitions and have yet to fully integrate the Indo-Pacific into their economic security policies

Building New Partnerships in the Indo-Pacific

This policy paper addresses each of the four pillars central to the European economic security agenda, offering tailored recommendations to enhance their effectiveness and identifying key partners European states can engage with.

It advocates for viewing the Indo-Pacific not only as a geographical concept but also as a strategic horizon for building new partnerships of diversification. By integrating economic security with the Indo-Pacific, the logic of diversification partnerships can gain greater traction and offer tangible opportunities to European actors, public and private, contributing to the construction of a European economic foreign policy.

The Observatory of Multilateralism in the Indo-Pacific is a research and events program initiated by the Directorate General for International Relations and Strategy (DGRIS) of the French Ministry of Armed Forces. Institut Montaigne contributes to this major program alongside two other French think tanks, the Foundation for Strategic Research (FRS) and the European Council on Foreign Relations (ECFR), as well as two French academic institutions, Sciences Po and Inalco.

 

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