Negotiations and agreements

The EU has in place, or is negotiating, trade agreements with countries and regions around the world.

Agreements in focus

Types of EU trade agreement

There are three main types of agreement:

Customs Unions

eliminate customs duties in bilateral trade, and;

establish a joint customs tariff for foreign importers.

Association Agreements, Stabilisation Agreements, (Deep and Comprehensive) Free Trade Agreements and Economic Partnership Agreements

remove or reduce customs tariffs in bilateral trade.

Partnership and Cooperation Agreements

provide a general framework for bilateral economic relations, and;

leave customs tariffs as they are.

Current state of play

Agreements being negotiated The EU has trade agreements in place with these countries/regions, but both sides are now negotiating an update. Country (Region) New agreement being negotiated Status Australia Australia Agreement Negotiations launched in 2018 China EU-China investment agreement Negotiations launched in 2013 Indonesia Free Trade Agreement Negotiations launched in 2016 Myanmar Investment protection agreement Negotiations launched in 2015 New Zealand New Zealand Agreement Negotiations launched in 2018 Philippines Free Trade Agreement Negotiations launched in 2015