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European businesses want better trade deals with Asean: survey

Jeffrey Tan
Jeffrey Tan9/2/2019 02:52 PM GMT+08  • 2 min read
European businesses want better trade deals with Asean: survey
SINGAPORE (Sept 2): While the European Union’s free trade agreements with Singapore and Vietnam are steps in the “right direction”, some European businesses say trade relationships with other Asean countries are seen to be restrictive.
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SINGAPORE (Sept 2): While the European Union’s free trade agreements with Singapore and Vietnam are steps in the “right direction”, some European businesses say trade relationships with other Asean countries are seen to be restrictive.

According to a 2019 EU-Asean Business Sentiment Survey published today by the EU-Asean Business Council (EU-ABC), European businesses are seeing opportunities in Asean, but the region’s slow pace of integration is an increasing concern.

The survey notes that only 3% of respondents feel that Asean economic integration is progressing fast enough, down from 11% in 2018.

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