ASEAN, EU may restart FTA talks

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Báo điện tử CP English - 4 month(s) ago 4 readings

VGP – ASEAN and EU senior officials have decided to establish a framework to restart talks on ASEAN-EU free trade agreement, according to EU Trade Commissioner Cecilia Malmström.

ASEAN economic ministers and EU Trade Commissioner Cecilia Malmström at the 15 th ASEAN-EU Economic Ministers’ Meeting in Manila, the Philippines on March 10.

However, it is still unclear when the two sides will restart the talks.

Connectivity between the two markets would help remove a lot of trade barriers, said Cecilia at the 15 th ASEAN-EU Economic Ministers’ Meeting held in Manila, the Philippines on March 10.

A FTA with ASEAN is the long-term goal that the EU has been debating over the past years, she stressed.

Both sides began FTA talks in 2007 but the process was cancelled in 2009 as the EU chose bilateral approach to each of ASEAN members.

The EU has reached bilateral FTA with Singapore and Viet Nam.

ASEAN is the 7 th biggest market in the world with rising middle-class and purchasing power, especially Viet Nam and the Philippines./.

By Huong Giang

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