Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

European Union moderately supportive to Japan’s Island dispute w/China.

European Security News.- Photo Credit DPA

European Security News.- Photo Credit DPA

Trade flows offer another indication of where the European Union’s economic interests lie. In 2011, EU-Japan trade accounted for 3.6 percent of the EU’s total trade, making Japan its seventh-largest trading partner, while the EU was Japan’s third-largest trade partner, accounting for 11.1 percent of Japan’s total trade. In the same year, EU-China trade accounted for 13.3 percent of the EU total, making China the EU’s second-largest trade partner, while the EU was China’s largest trading partner, accounting for 17 percent of China’s total trade. Thus, the EU might be expected to favour siding with China over Japan, in order to protect a bilateral relationship that is four times more valuable in economic terms. At the same time, there is evidence to suggest that Europe is not cutting Japan adrift during this challenging time.