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The European Union is progressing with bilateral free trade agreements with several ASEAN members, while an EU-wide ASEAN agreement remains stalled. Deals with Singapore and Vietnam are in force, and negotiations with Indonesia and the Philippines have advanced.
Negotiations between the European Union and Thailand have reached nine rounds.
AllegedThe IPPR estimated annual UK export losses to the EU from the absence of a mutual recognition agreement at £3.7bn.
The UK plans to join OceanEye, an EU-led programme intended to improve ocean observation and forecasting of extreme weather and climate events. The announcement is due at the United Nations headquarters in New York.
OceanEye funding
The EU and China agreed a four-year deal limiting Chinese hybrid-vehicle imports to 350,000 a year from December, expected to halve China’s market share. The 16-point agreement also covers rare earths, tariffs and EU food and drink access, while talks continue.
The EU-China trade deficit in July 2026 was EUR 1180000000 per day.
EU governments discussed a bloc-wide windfall tax on energy companies at a Dublin finance ministers’ meeting as fuel and gas prices reached record or near-record levels. Germany’s finance minister urged proposals, while the European Commission said it had no current EU-wide tax plan.
Oil futures’ increase compared with their level before the Iran war