A month in the past Australia and the EU failed to succeed in a deal. Australia’s Commerce Minister Don Farrell and EU Commissioner for Commerce Valdis Dombrovskis will meet in a teleconference right this moment to reboot talks.

Sticking factors embrace entry for Australian agricultural
merchandise, significantly beef, to EU markets.

For its half, the EU is eager to diversify commerce. EU flows have been negatively affected by the Russian invasion of Ukraine and the protracted battle that has ensued.

A free commerce settlement would additionally simplify
European funding in Australia’s vital minerals
sector, partly by smoothing entry by necessary Overseas
Funding Evaluation Board (FIRB) screening.