Europe's trade chief has been invited Down Under as the pointy end of four years of high-stakes free trade agreement talks fast approaches. 9News
chief has been invited Down Under as the pointy end of four years of high-stakes free trade agreement talks fast approaches.
"But look, they have made concessions to other countries. They've made concessions to New Zealand, for instance, in terms of sheep meat. They've made concessions to Canada in respect of beef.Rather than buckling on naming rule changes the EU wants, which could impact Australian producers of feta and parmesan cheese and prosecco, Farrell sees those minerals, essential to much modern technology, as the way forward.
European Union Commission Executive Vice President Valdis Dombrovskis has been invited to Australia. Farrell said a deal was the "perfect solution" for Europe as both sides looked to diversify away from China and didn't bite when asked if Australia would withhold critical minerals if its negotiators couldn't get a good enough agreement."We think that in a mature and sensible way, that we can sort out our differences.
"Australia is a very large and very efficient agricultural producer and exporter. The European Union is probably the only market, the only major market left in the world with which Australia does not have a free trade agreement, apart from India." "Historically because it is a liberalised and open economy, that's also quite far away, and doesn't have that many consumers, even though they are sort of quite wealthy consumers, Australia has somewhat struggled to come up with hugely attractive morsels on its side of the ledger," he said.
Britain's then-foreign secretary Liz Truss negotiated the country's free trade agreement with Australia.
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