In a rapidly evolving geopolitical and trade context, the European Union (EU) has emerged as the most proactive economy in strategically reorienting its trade policy in search of alternative partners beyond the United States (US). In view of the impending risks of President Donald Trump assuming power in 2025, the EU, as a preemptive trade policy action, signed a free trade agreement (FTA) with Mercosur in December 2024. In 2025, the EU has accelerated its FTA negotiations with the dynamic member economies of the Association of Southeast Asian Nations (Asean). While the EU-Indonesia FTA was signed earlier this week, the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

)