I am also facing this problem. And I follow the instructions of TorelTwiddler -> he's right, no webapp2.
You need to add $ {GOOGLE_APP_ENGINE} / lib / webapp2 to External Libraries.
This is because (I think) you are only changing the project interpreter, and not creating a completely new GAE project with PyDev. This action did not scan the libraries that it should include.
If you create a new GAE w / Pydev project, you will see that webapp2 is in the external list of libraries.
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