Events & News


Negotiating an economic partnership between the EU and Asia

Dr Lucian Cernat, Chief Trade Economist, European Commission

19 Jun 2013

ESSEC Asia-Pacific, National Library Building, Level 13, Classroom, 100 Victoria Street, Singapore 188064

10.00 – 11.30am


Download presentation slides.

Trade between the EU and countries in Asia accounted for almost 60 per cent of total global trade in 2011. Meanwhile Asia accounted for 42.5 per cent of total EU trade. Strengthening the economic partnership the EU and Asia, using the tool of trade agreements, will only benefit the two regions.

Dr Cernat will begin by assessing the EU’s current “Trade, Growth and World Affairs” strategy, which has overseen a series of new bilateral free trade agreement negotiations with fast-growing and emerging market economies in Asia. The EU has concluded free trade agreements (FTAs) with South Korea and with Singapore, while negotiations are ongoing with Malaysia, Thailand, Vietnam and, most recently, Japan. He will also speak on how the EU is trying to forge stronger links with other strategic partners around the world (US, China, Russia) and the new efforts aimed at stronger trade policy enforcement.

About the speaker

Lucian Cernat is the Chief Trade Economist of the European Commission. Until 2008, he held various positions at the United Nations in Geneva dealing with trade and development issues. He has authored more than 20 publications on the development impact of trade policies, WTO negotiations, EU preferential market access, regional trade agreements, competition policy, corporate governance. Prior to his UN experience, he has been a trade diplomat with the Romanian Ministry of Foreign Affairs, and part of the negotiating team of bilateral FTAs with the EuroMed area and Baltic countries, preceding Romania’s accession to the EU. Lucian Cernat obtained a PhD from University of Manchester and a postgraduate diploma from Oxford University. He is also the author of Europeanization, Varieties of Capitalism and Economic Performance in Central and Eastern Europe (Palgrave Macmillan, 2006).