EU Plans Free Trade Deals with Malaysia, Thailand, Philippines by 2027

The European Union is progressing rapidly in finalizing free trade agreements (FTAs) with Malaysia, Thailand, and the Philippines, with expectations to conclude these deals by 2026 or 2027. European Commissioner Maroš Šefčovič emphasized that these bilateral agreements will serve as foundational steps toward a broader ASEAN-EU FTA, enhancing trade, investment, and political ties. The EU views Southeast Asia as a vital and growing economic partner, especially as it seeks to diversify trade amid global uncertainties and U.S. tariffs. Concurrently, Malaysia and the United States aim to finalize their tariff discussions before President Donald Trump's scheduled visit to Kuala Lumpur in October for the ASEAN summit, signaling intensified trade negotiations. These developments reflect a broader strategy by the EU and ASEAN countries to strengthen economic partnerships and build resilience in an evolving global trade environment. The ongoing negotiations highlight mutual commitments to rules-based trade and the pursuit of stable, transparent, and comprehensive economic collaboration.