The European Union (EU) has been closely involved with the development agenda for decades. Its external engagements reflect an inclination to utilise its position in the international sphere as a platform for promoting European values. Prioritising environmental sustainability, is hence a fundamental component of the EU development policy. Additionally, another critical aspect is capacity-building, standard setting, norms regulation for the benefit of the developing countries. However, several challenges have crippled its progress over the years. This chapter traces the trajectory of the EU’s idea of development and its subsequent interlinkages with the broader connectivity agenda. Section 1 introduces the context of development. Section 2 maps the journey of the European Consensus on Development. By exploring this Consensus, the chapter unpacks Brussels’ motivations and aspirations in launching the Global Gateway project in line with its Indo-Pacific strategy, EU Green Deal and the larger free trade agreements (FTAs), focussing on technology and economic diplomacy. This is also closely related to its thematic concerns of bolstering connectivity projects in Asia, thereby attempting to address the issue—financing of sustainable development. Section 3 establishes the link between the EU Development policy, connectivity strategy and the broader question of economic security. It also discusses the strategic approach adopted by Team Europe, EU’s Indo-Pacific roadmap, Global Gateway, EU’s Trade and Technology Council, Green Deal and the India–Middle East–Europe Economic Corridor (IMEC).