The initial intention was for EU to negotiate with the group of ASEAN (Association of Southeast Asian Nations) nations. This was complicated and in 2009 EU decided to negotiate with individual ASEAN nations. How far they reached in the negotiations varies from country to country, however the main goal is to reduced the majority of trade barriers and tariffs as far as possible.

This is the latest updates for some ASEAN nations:

Vietnam: On 4 August 2015 Vietnam and EU reached a free trade deal which includes the elimination of nearly all tariffs (over 99%). Vietnam will liberalise tariffs over a 10-year period and the EU will liberalise tariffs over a 7-year period. For more info see…

Indonesia: The EU and Indonesia signed a Partnership Cooperation Agreement in 2009. Intense contacts have taken place since 2011 to explore the possibility to further deepen the relations and negotiate a Comprehensive economic partnership agreement. For more info see…

Thailand: EU has stopped the negotiations with Thailand as a result of the military regime. The EU ended the generalized scheme of preferences (GSP) on 1 January 2015, and over 6,200 Thai products will be withdrawn. For more info see…

Myanmar, Laos and Cambodia: As a Least Developed Country (LDC), Myanmar/Burma , Laos and Cambodia benefits from the most favorable regime available under the EU’s Generalised Scheme of Preferences (GSP), namely the Everything But Arms (EBA) scheme. For more info – MyanmarLaosCambodia.

These FTA negotiations increase the opportunity for companies from the EU to import and export to ASEAN member nations.