Australia wants more from the EU in exchange for its minerals

Wednesday, July 12, 2023
Negotiations for a free trade agreement (FTA) between the EU and Australia are stalling as Australia wants to leverage its wealth in critical raw materials to get more market access for its meat and sugar industry. With the dairy industry having nothing to gain but much to lose [by subscribing to EU geographical indications), support from the Australian agricultural sector would have to be secured in another way, for example by significantly increasing the EU import quotas for Australian beef, sheepmeat, and sugar. Don Farrell said that there was goodwill on both sides. “In August, we will meet again with the aim of trying to resolve an agreement as quickly as possible,” he said.
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