This section offers a detailed critique of the patterns of trade and economics which underlie contemporary EU-Asia relations. One of the key arguments of this contribution is the assertion that the various economic, political, social and cultural aspects of EU-Asia contacts are 'bundled, inter-related and interwoven. Against this general background, the author analyses in some depth the Newly Industrialised Countries (NICs) in Asia – known as the ‘Asian Tigers’. He places a particular emphasis on China, South Asia, the Association of South East Asian Nations (ASEAN), and on the economic ‘pillar’ of the process of ‘Asia-Europe Meetings’ (ASEM), the EU-Asia summitry which was inaugurated over a decade ago. The issues encompassed by the investigation which follows range from Foreign Direct Investment (FDI) to European Union Aid and Development Policy. The evaluation offered here includes a critique of EU trade policies, and an examination of the wave of new, bilateral, Free Trade Agreements now being concluded throughout many parts of Asia.