The Global Gateway updates the European Union's foreign policy strategy and defines its major objectives as being the digital transition, energy and climate change, transport, health, and education and research. The core concepts that organise the strategy are connectivity, infrastructure and development. The strategy was developed in partnership with the EU's member states. It aims at channeling EUR 300 billion of investments through a range of financial instruments between 2021 and 2027 in the aforementioned core objectives.
The strategy builds on existing official collaborations, notably the 2018 EU-Asia Connectivity Strategy, the Connectivity Partnerships with Japan and India, the Economic and Investment Plan for the Western Balkans , the Eastern Partnership , and the Southern Neighbourhood.