The EU Member States have mandated the European Commission to negotiate a new generation of free trade agreements (FTAs) with India, South Korea and the Association of Southeast Asian Nations (ASEAN). Independent research suggests that the agreements could increase EU exports by more than EUR 40 billion annually by focusing on areas not currently covered by WTO rules such as investment, trade in certain services and the removal of non-tariff barriers. The biggest gains for the EU would include business services to ASEAN, industrial and manufactured goods to India, and business services to Korea. The Commission expects to launch negotiations in the months to come.