The European Union collectively generates an estimated 30 per cent share of the world's nominal gross world product, reflecting the significance of the region in terms of bilateral trade, investment and cooperation.
The United Kingdom has a long-standing relationship with Western Australia and continues to be the State’s largest single market in Europe for goods exports and imports.
France, a founding member of the European Union, has a steady trade relationship with Western Australia.
Germany, Europe’s manufacturing powerhouse, was ranked as Western Australia's 22nd largest market for goods exports in 2008, up from 29th place in 2007.
Italy has a strong bilateral relationship with Western Australia, centred on the State’s Sister State Relationship with the Regional Government of Tuscany.
Bilateral cooperation between Western Australia and Russia has lead to many trade and investment opportunities.