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EU Pursues Bilateral Trade Deals With Southeast Asia as Bloc-Wide ASEAN Pact Remains Elusive

Years of negotiations have brought the EU close to a string of bilateral trade agreements with Southeast Asian nations, but a single deal covering the entire ASEAN bloc remains out of reach.

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

The European Union is nearing the conclusion of a series of bilateral free trade agreements with individual Southeast Asian countries, even as a comprehensive, bloc-to-bloc deal with the Association of Southeast Asian Nations continues to elude negotiators.

The bilateral approach follows years of arduous talks between Brussels and individual ASEAN member states, reflecting the practical difficulty of aligning trade terms across a regional bloc whose members have widely varying economic structures, development levels and trade priorities.

Analysts note that ASEAN's internal diversity, spanning advanced economies to developing nations, complicates efforts to negotiate a single set of trade terms that could satisfy all ten member states simultaneously. As a result, the EU has increasingly pursued country-by-country agreements as a more achievable near-term path to deepening trade ties with the region.

Even so, a bloc-wide EU-ASEAN agreement remains a stated long-term goal for both sides, seen as a way to further streamline trade rules and reduce the complexity created by a patchwork of separate bilateral deals.

Whether the current wave of bilateral agreements ultimately serves as a stepping stone toward a broader pact, or becomes a lasting substitute for one, remains an open question as negotiations continue.

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

Also available in: AR

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