EU-ASEAN Business Council’s Post

❝It could be argued that the EU and ASEAN are not likely allies nor natural partners to begin with, but that the cooperation is constructed out of political will❞ Despite the considerable potential for both regions, EU-ASEAN trade relations continue to flounder. While both bodies share the belief that economic integration, market liberalisation and free trade lead to higher economic growth and regional stability, there appears to be a disconnect between the blocs. In this Critical Thinking article Joses Wong, co-founder and Secretary General of ASEANcham EU, explores the relationship between both blocs to understand the root of the disconnect and offer possible solutions. ⤵️ Read more below. #CriticalThinking #EUASEAN #TradeRelations #Globalisation 

The EU is back to running a large trade surplus (exports > imports). This is worrying. If these EU surpluses persist, the EU will be forcing the rest of the world to absorb the consequences of its refusal to expand domestic investment. #trade #EU

In this Critical Thinking article, our co-founder and Secretary General Joses Wong explores the relationship between #EU and #ASEAN to understand the root of the disconnect and offer possible solutions to bridge the two blocs. Thank you Friends of Europe for this feature 🤗 Read the full article 👇 #EUASEAN #TradeRelations #GlobalTrade #Internationalisation #InternationalRelations

Limited collaboration among Global South countries weakens their collective bargaining position. Increasing South-South #cooperation and knowledge-sharing can strengthen solidarity and collective bargaining power in international trade negotiations. Sand K. MbaWorld Economic ForumThe World BankGlobal South OpportunitiesInternational Trade CentreThe ASEAN SecretariatMERCOSUR UNIDOUNDPUnited NationsAfrican UnionAPEC - Asia-Pacific Economic CooperationEU TradeEU Cross-Border E-Commerce ForumWorld Trade OrganizationOECD - OCDEAbuja Chamber of Commerce and Industry Ministry of Investment

[Exclusive Opportunity for EU-ABC Members] Join us for an insightful briefing session with Christophe Kiener, Head of Unit for South, Southeast Asia, and Australasia from DG TRADE, who will provide valuable insights into the current state of play in the various ongoing and proposed trade negotiations between the European Union and ASEAN Member States. This briefing session, that will take place under Chatham House Rules, will enable members to get a first hand update by the EU’s lead negotiator with the region (and the EU’s Senior Economic Official to ASEAN) on: - Current State of Play on the EU-Indonesia CEPA Negotiations - Outcome of the 2nd round of negotiations on the EU-Thailand FTA - Current state of affairs on the preparations for the recommencement of FTA negotiations with the Philippines and Malaysia - And, the current position on GSP/GSP+ and EBA policies with other ASEAN Member States. Register today: https://lnkd.in/gdrw529Q *Kindly note that this is an EU-ABC members-only event. Non-members will be denied access to the event. 

#europeanunion #trade #implementation #enforcement The value of EU trade covered by the vast network of 42 agreements with 74 partners in place in 2023 was more than €2.3 trillion, having risen by over 30% over the past five years, according to the Annual Report on the implementation and enforcement of EU trade policy published today. EU exports to preferential trade partners are increasing more steadily than our overall exports – our preferential agreements with South Korea with Canada, for example, each deliver an average export growth of 7% annually – and have made the EU more resilient in the face of global challenges by providing safer, more diverse sources of supply for our imports and markets for our exports. The European Commission has also removed 140 barriers to EU exports in more than 40 countries over the past five years. The removal of barriers between 2018-2022 unlocked an additional €6.2 billion of EU exports in 2023 alone. FULL REPORT 👇

Guyana is seeking stronger trade ties with the European Union noting that the CARIFORUM- EU EPA is an important tool. Learn more: Guyana looks forward to strengthening trade ties with Europe - Guyana Chronicle #cariforum # cariforum #cariforumeuepa #thedomicanrepublic #Guyana #europe #euopeanunion

An ambitious and open trade policy is essential for EU competitiveness. Together with 30 other leading European business associations, we are calling for an EU trade policy that: - Boosts EU exports and competitiveness - Supports growth and job creation - Enables diversification and - Strengthens the resilience of value chains. Read our joint declaration for more information: https://lnkd.in/eXcBXuVP #trade #competitiveness #EU #jobcreation #tradepolicy

Great to attend the lunch event on politicisation of trade policy and its impact on transatlantic trade relations with Director-General Weyand, hosted by the Jean Monnet Network on Transatlantic Trade Politics, the University of Antwerp and CEPS. Interesting comments on the dynamics between the EU Member States and European Commission on export controls (hint - there is scope for improvement). #trade #DGTRADE #exportcontrols #EU

The value of #EU #trade covered by the vast #network of 42 agreements with 74 partners in place in 2023 was more than €2.3 trillion, having risen by over 30% over the past five years, according to the Annual Report on the implementation and enforcement of EU trade policy published today. EU exports to #preferential trade partners are increasing more steadily than our overall exports – our preferential agreements with South Korea with Canada, for example, each deliver an average export growth of 7% annually – and have made the EU more resilient in the face of global challenges by providing safer, more diverse sources of supply for our imports and markets for our exports. The European Commission has also removed 140 #barriers to EU exports in more than 40 countries over the past five years. The removal of barriers between 2018-2022 unlocked an additional €6.2 billion of EU exports in 2023 alone.