Bilateral relations

To increase the resilience and competitiveness of its economy and its trade and investment flows, the EU must pursue an ambitious diversification strategy. This requires leveraging a range of tools, including trade agreements and partnerships covering digital, critical raw materials and mutual recognition. The EU must swiftly ratify and implement key free trade agreements with Mercosur, Mexico, Indonesia and India and conclude negotiations with Australia and ASEAN countries such as Malaysia, Thailand and the Philippines. Tailoring the approach to partner countries’ levels of development may be necessary at times.