Negotiations with Indonesia are ongoing and negotiations with Thailand resumed recently, with the goal of further deepening bilateral trade and investment relations with both countries. Bilateral Free Trade Agreements (FTAs) between the EU and ASEAN countries can serve as building blocks towards a future EU-ASEAN agreement, which remains a long-term objective.
Negotiations of an investment protection agreement with Myanmar (Burma) are put on hold.
At regional level, the European Commission and ASEAN Member States undertook a stocktaking exercise to explore the prospect of resuming region-to-region negotiations but concluded that their respective positions remain too far apart. In September 2022, the ASEAN Economic Ministers-EU Consultation resulted in a decision to re-orient the Joint EU-ASEAN Working Group for the development of a Framework setting out the parameters of a future ASEAN-EU FTA. The Joint Working Group will now focus on sectoral cooperation on the digital economy, green technologies and green services, and supply-chain resilience. It is expected to hold its next meeting in June 2023.
Is there a reason why the EU doesn't pursue a FTA with each individual ASEAN country instead of a region-region agreement? I am guessing there are some legal limitations that makes it impossible to do it, but is there, or it's something that has to do with bureaucracy? It seems like they're discussing with individual countries, but trying to get a region-to-region free trade agreement.