April 12, 2021 | Leave a comment

Thailand: Negotiations for a free trade agreement with Thailand began in May 2013. They have been suspended since the fourth round of negotiations in April 2014, with the army taking control of the country shortly thereafter. It will only be possible for the EU to reach an agreement with an elected Thai government as part of a democratic process. The Philippines and Indonesia began negotiations for a free trade agreement with the EU in 2016. Negotiations based on the text began in 2017. The European Community has set up the Commitment Rights Information System (BTI) as an instrument to obtain the correct importation of goods for import or export purposes. Before sending goods, please contact German Customs. The Trade in Services Agreement (TiSA) is being developed in the form of a multi-lateral agreement on trade in services. The main focus is to improve access to foreign services markets and to give new impetus to negotiations on a multilateral trading system, which have largely stalled. The EU and the German government believe that the new rules to facilitate trade in services should be adopted at the WTO level at a later date. The EU negotiates tiSA with 23 WTO member countries, which account for about 70% of world trade in services. The Environmental Goods Agreement (EGA), currently under negotiation, aims to deregulate the market for environmental goods.

While the EGA is being negotiated as a multi-lateral agreement (i.e. a small number of WTO member states), there is hope that it will eventually develop into a multilateral agreement adopted by all WTO members. This initiative is based on the APEC List of Environmental Goods – a document adopted in Vladivostok in September 2012, which sets the target of limiting tariffs on a total of 54 environmental goods to a maximum of 5% of the value of these products by 2015. Singapore: EU and Singapore signed a free trade agreement and investment protection agreement at the ASEM summit on 18-19 October 2018. The European Parliament approved both agreements in February 2019. Germany is very pleased with these agreements, as Singapore is one of Germany`s main trading partners in the ASEAN region, despite its small size. The ratification of the free trade agreement was concluded on 8 November by Council decision and the agreement entered into force on 21 November 2019. The Investment Protection Agreement sets high and clear standards for investment protection, which preserve the state`s right to regulation, and establishes a reformed dispute resolution procedure, modelled on CETA. To learn more about these two agreements, visit the European Commission`s website. The framework for EU relations with Ukraine is established by the Partnership and Cooperation Agreement (CPA) which came into force in 1998. In 2014, the EU and Ukraine signed the Association Agreement, which has been in the works since 2008 and aims to replace the existing Partnership and Cooperation Agreement and create a comprehensive and comprehensive free trade area. The political component of the agreement has been applied provisionally since 1 November 2014, as it falls within the scope of the EU`s powers alone.