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This policy brief, written by Martina Timmermann, Helena Sterwe and Prakhar Sharma, is an outcome of the sixth annual EU–UNU Tokyo Global Forum, “Doing More, Better and Faster: A Global Partnership for Eradicating Poverty”, held at United Nations University on 31 March 2006. Recognizing the insights and suggestions of the expert participants, this brief outlines the most salient features of EU and Japanese policies for establishing a global partnership for poverty eradication within the framework of the UN Millennium Development Goals. While stressing the significance of efficient and results-oriented aid, multilateralism, and the interplay between democracy, development and human rights, the brief elaborates further potentials for collaboration in development policies between the EU and Japan.