Energizing EU-ASEAN trade

EU Trade Commissioner Cecilia Malmström visited Manila recently to discuss trade with ASEAN Economic Ministers. The summit was a milestone in itself as the Ministers discussed the next steps toward the resumption of the ASEAN-EU Free Trade Agreement negotiations as well as ways to enhance economic cooperation in addressing emerging challenges and capitalizing on opportunities for trade and investment between the two regions. The possibility of establishing a multilateral investment court that may serve as a single global judicial instance for resolving investment-related disputes was also raised. ASEAN and the EU are doing remarkably well and are economically and politically stable havens in today’s world where traditional ways are increasingly being challenged.

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