Dialogue between the EU and ASEAN spans more than 45 years. On 1 December 2020, the EU and ASEAN became Strategic Partners, opening a new chapter in their longstanding relationship. For the period 2021-2027, the EU has earmarked €180 million for regional cooperation with ASEAN to support key areas aligned with the EU-ASEAN Strategic Partnership. During the EU-ASEAN 45 years Commemorative Summit, the EU also pledged to mobilize €10 billion for Connectivity projects in ASEAN under the Global Gateway initiative.