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By 2015, the European Union (EU) had already concluded its first ‘next-generation’ free trade agreement (FTA) with Korea, in force since mid-2011, followed by Singapore, the Andean Community and Canada. There are a number of bilateral negotiations ongoing with other countries, including Japan, India and Malaysia. The Transatlantic Trade and Investment Partnership (TTIP) was launched in mid-2013 and its fate remains unclear.

EU and Australia: Europe’s Challenges and Policy Options for Future Trade