Philippines and EU to enter free trade talks
by ChemOrbis Editorial Team - content@chemorbis.com
According to a statement on the official website of the European Council, Philippines and the European Union agreed to begin free trade negotiations. The member states authorized the European Commission to start negotiations in areas that fall within their competencies.
The EU’s recent move to launch free trade ties with Philippines is a part of the bloc’s efforts to strengthen bilateral relations with the Association of Southeast Asian Nations (ASEAN). In 2007, the European Commission had been authorized to begin free trade talks with ASEAN countries; however the parties were unable to reach common ground. In 2009, however, the EU decided to resume talks separately. The EU had already concluded free trade negotiations with Singapore and Vietnam while it is currently negotiating with Malaysia and Thailand as well.
The EU’s recent move to launch free trade ties with Philippines is a part of the bloc’s efforts to strengthen bilateral relations with the Association of Southeast Asian Nations (ASEAN). In 2007, the European Commission had been authorized to begin free trade talks with ASEAN countries; however the parties were unable to reach common ground. In 2009, however, the EU decided to resume talks separately. The EU had already concluded free trade negotiations with Singapore and Vietnam while it is currently negotiating with Malaysia and Thailand as well.
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