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The European Union (EU) has postponed free trade talks with Australia

The European Union (EU) has postponed talks on a new free trade agreement with Australia. According to the EU Commission, a round of talks actually scheduled for October will now take place a month later. A spokesman in Brussels on Friday said no one wanted to make better speeches and needed more time to think.

The EU feels betrayed

The European horror is that in recent months the United States has been negotiating a new security agreement for the Indo – Pacific region with the United Kingdom and Australia in the aftermath of the EU. The Paris government in particular has been outraged by the eruption of the ில்லியன் 56 billion submarine deal between Australia and France over the deal. The Council of EU Ministers has previously stated that a speedy conclusion of the trade agreement is unlikely after recent events.

Talks have been going on since 2018

Free trade talks between the European Union and Australia began in 2018. Possible agreements for the elimination of negotiated material charges, but also restrictions on services, investments and competition issues.

According to the Federal Bureau of Statistics, Germany’s exports to Australia were worth about .5 8.5 billion last year. Australian exports to Germany are worth about three billion euros. Cars, pharmaceuticals and pharmaceuticals and especially machinery are shipped from Germany to Australia. Australia, on the other hand, exports especially gold and precious metals and agricultural products.