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EU Commission President Visits Australia to Finalize Free Trade Agreement
The $10 billion deal will remove tariffs on over 90% of goods and increase Australian red meat exports to Europe tenfold, officials said.
- On March 23, European Commission President Ursula von der Leyen arrived in Sydney to clinch a free-trade deal, with officials saying it could be signed on Tuesday after talks with Prime Minister Anthony Albanese.
- Facing new tariffs, negotiations between the EU and Australia, which have been long-running and previously stalled, were accelerated to diversify trade, officials said.
- On Monday, the deal would open a market of 450 million consumers, remove tariffs on over 90 percent of goods, and could save exporters 1 billion euros annually, Brussels said.
- Australia could gain an extra Aus$10 billion in trade in the first year, with a security partnership and Horizon Europe access expected, but Australian farming organisations warn quotas for beef and lamb remain too low.
- The 27-member EU bloc's $31 trillion economy magnifies the deal's strategic value, creating a free-trade zone with more than 700 million people and boosting critical minerals trade.
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Reviving Trade Ties: EU-Australia Free Trade Deal on the Horizon
Reviving Trade Ties: EU-Australia Free Trade Deal on the Horizon European Commission President Ursula von der Leyen is set to meet with Australian Prime Minister Anthony Albanese in Canberra on Tuesday, aiming to finalize a long-pending free trade agreement between the EU and Australia.The resumption of trade talks takes place against a backdrop of Middle Eastern conflicts and global trade tensions, with the EU looking to bolster its position re…
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Coverage Details
Total News Sources71
Leaning Left13Leaning Right14Center20Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 28%
C 42%
R 30%
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