EU-ASEAN Business Council Calls for Region-to-Region Economic Framework
What happened
The EU-Asean Business Council (EU-ABC) called for a region-to-region economic framework to enhance cooperation between the European Union and ASEAN. EU-ABC Chairman Jens Ruebbert made the pitch on September 22, 2026, during consultations held in Manila. The council suggested that the two blocs could use the upcoming 50th anniversary as a launch point for this deeper integration.
From manilatimes.net
Why it matters
The call emphasizes that existing country-to-country deals should form the foundation for a broader structure. This includes the EU-Philippines free trade agreement, which is welcomed and nearing conclusion, as well as finalized deals with Singapore and Vietnam. Negotiations are ongoing with Thailand and Malaysia, expected to conclude by 2027.
Europe and ASEAN are cooperating on trade and investment issues, leveraging Southeast Asia's role in global supply chains.
From manilatimes.net