Discussion on EU-Asean FTA has shifted towards cooperation in specific areas: DPM Heng

WHILE landing on the parameters for a region-to-region free trade agreement (FTA) is difficult, discussion has now shifted towards more specific areas of cooperation, said Deputy Prime Minister Heng Swee Keat in a speech on Wednesday (Apr 24).

He explained that the difficulty is due to differences in ambition and readiness between member states, and raised digitalisation, sustainability and supply chain resilience as examples of domains where the two sides can “make steady progress and put building blocks in place towards an eventual region-to-region FTA”.

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