Asia: Implications of “Brexit” on trade agreements in Asia
With the UK’s decision to leave the European Union - the “Brexit” - a question for businesses in Asia is what will be the effect on free trade agreements between countries in Asia and the EU.
  • Currently the EU has free trade agreements in force with South Korea, Papa New Guinea, and Fiji.

  • The EU has completed negotiations and signed free trade agreements with Singapore and Vietnam, but these agreements are pending ratification.

  • The EU currently has free trade agreement negotiations ongoing, at various stages, with Malaysia, the Philippines, Thailand, Myanmar, Japan, India, and the countries of the Gulf Council Cooperation (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE).
While there are uncertainties about the UK’s departure from the EU, this provides an opportunity to consider the possible implications of Brexit on these free trade agreements or on future negotiations.

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