The European Union (EU) expects to finalise its free trade agreement (FTA) with Malaysia by 2027, says its trade chief Maros Sefcovic.
He said the Malaysia-EU FTA (MEUFTA) would build on the EU’s framework of a comprehensive partnership that had driven growth in trade, jobs, investment, and closer political and social ties, Bernama reported.
“I am sure that the trade as we see it today between Malaysia and Europe, which is in the realm of 46 billion euros, would quickly grow once this FTA is in place,” he was quoted as saying in his keynote address at the Asean-EU Business Summit 2025.
Sefcovic said both sides had gained valuable experience in tackling issues such as public procurement, state-owned enterprises, agricultural sensitivities, critical raw materials, export-import licensing, and non-tariff…