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EU Nears Bilateral Trade Deals with Southeast Asian Nations, Bloc-Wide Pact Remains Distant

After years of negotiations, the EU is closing in on a series of bilateral trade agreements, though a full EU-ASEAN deal remains far off.

· 1 min read · language: en
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— Deutsche Welle — English

The European Union is nearing the conclusion of a string of bilateral trade deals with countries in Southeast Asia, following years of arduous negotiations.

The agreements represent incremental progress in the EU's efforts to deepen economic ties with the region, even as a comprehensive bloc-to-bloc agreement between the EU and the Association of Southeast Asian Nations (ASEAN) remains a distant prospect.

Negotiators on both sides have reportedly worked through complex issues over an extended period to reach the bilateral arrangements now nearing completion.

The bilateral approach reflects the practical challenges of negotiating a single agreement across the diverse economies and policy priorities that make up the ASEAN bloc.

Officials have not specified which individual countries are closest to finalizing agreements, nor have they provided a timeline for when a broader EU-ASEAN pact might eventually be pursued.

Sources

EGazette summarizes reporting from multiple sources; follow the links for the originals.

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