Bilateral relations

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