Is there a tension between the normative fundamentals and strategic objectives of European Neighbourhood Policy (ENP)? Is values versus security an unavoidable choice to be made by the EU and its neighbours or, rather, a false dichotomy? The book argues that what is often considered a fundamental dilemma of EU foreign policy - a choice between the EUs values and its quest for security - misrepresents a much more complex reality in which values and security interplay to shape the EUs external positions. The book proposes an original conceptual framework for examining the complex interaction between values and security and situates the ENP in the broader conceptual debate about European Foreign Policy. In this way, it goes beyond the early scholarship on ENP, mainly inspired by the EU enlargement literature. The book examines the EUs evolving relations with its immediate neighbours in areas such as democracy promotion, Common Foreign and Security Policy, conflict management and resolution and soft security issues such as energy or immigration policy.