Australia And European Union (EU) Talks to finalize the free trade agreement (FTA) will continue on Thursday.The country that was paralyzed last month due to disagreements over the ocean nation’s access to the European market for certain agricultural products.
Australian Trade Minister Don Farrellwill be held today Virtual meeting with the Vice President of Economics European CommissionValdis DombrovskisTo resolve this dispute and try to converge positions, as official sources confirm to EFE.
At the time, Farrell said negotiations had stalled last month because of Australia’s view that a future free trade agreement with the EU “must have substantial agricultural access to European markets”.
Australia and the European Union Started FTA negotiations in 2018Continues disputes over the entry of Australian agricultural products into the European market, including beef, sugar, dairy products and lamb.
Australians, on the other hand, insist on continuing to call “prosecco” and “feta cheese” to white wine and a type of feta cheese produced in the ocean country, despite having names of origin protected in the European bloc.
Bilateral trade in goods and services between Australia and the EU as its third trading partner, Reached A$97,000 million in fiscal year 2021-22 According to official data ($62,924 million or €57,608 million).
the australian Chinese as your main business partner, As a result of the problems created by the export bans implemented by the Asian giant in 2020, it intensified the diversification of its trade with countries such as India and blocks such as the EU.
The EU Commission, on the other hand, Exchange of goods between the European bloc and Australia increased by up to 33% In services, on the other hand, an increase of up to 8% will be achieved and a contribution of 3 billion 900 million Euros to the EU’s GDP will be possible in 2030.