The broader purpose of this project is to approach the problematic of the growing importance of Asia in international relations at large, and to do so through a European Union perspective in which Sweden constitutes one component. A more immediate goal of the analysis is to elicit overarching priorities in Swedish and EU policymaking toward Asia and the region’s three preeminent powers in particular. Three policy objectives are explored as elements of an overall strategic approach toward Asia, and the analysis reaches four conclusions. First of all, the adoption of a strategic approach toward Asia may enhance stability in that part of the world. Second, the adoption of a strategic approach toward Asia will help consolidate EU institutions operating in the realms of foreign, security and defense policy. Third, the establishment of a strategic approach toward Asia would be politically astute. Fourth, the creation of a strategic approach toward Asia makes excellent economic sense. Finally, it is noted, Sweden is well positioned to make substantive contributions to all three policy objectives.