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Trade deal with the EU: Australia considers trade talks with the EU to be a failure for now

Trade deal with the EU: Australia considers trade talks with the EU to be a failure for now

More than five years of negotiations on a common trade deal between the EU and Australia appear to have failed for now. In Australian Agriculture Minister Murray Watt’s view, EU negotiators “sadly took no action”, as he told The Australian newspaper, in talks on the sidelines of the G7 trade ministers’ meeting in Osaka, Japan. The TV station is ABC.

It is “not high” that negotiations will resume in the current legislative period. The current Australian government is in office until 2025. “I think it will take some time for an Australian government or EU leadership to negotiate a deal,” Murray said. “That’s a shame.”

The European Commission reiterated Australia He made new demands. He is ready to continue negotiations. The commission said the demands made by the agriculture sector “do not reflect the state of negotiations”.

EU wants to reduce dependency on rare earths

Last week, French Trade Minister Olivier Becht expressed hope that a deal could be concluded after “many good developments”.

The two sides have been negotiating a trade deal since June 2018. A key dispute was over how far the EU would open markets from Australia to lamb and beef and sugar. The EU is particularly interested in rare earths from Australia to reduce its dependence on China and Russia.