Australia is reopening talks about free trade with the European Union

Australia is preparing for trade talks with the
European Union.

• The EU has agreed to revisit
  negotiations.
• EU Trade
  Commissioner Maros Sefcovic proposed planning for a new timeline for
  reopening talks in an hour-long meeting with Australian counterpart
  Don Farrell via video link on Wednesday evening.

Two years ago extensive negotiations collapsed over disagreements about
agricultural access to the EU’s 450 million customers.

Trade Minister Don
Farrell is reopening talks about free trade with the European Union.

Trade Minister Don
Farrell is reopening talks about free trade with the European
Union.Credit:Alex Ellinghausen

In contrast, Defence Minister Richard
Marles rejected Chinese ambassador to Australia Xiao Qian’s offer
to “join hands” with Australia to respond to Trump’s tariffs

• “We’re not about to make
  common cause with China – that’s not what’s going to happen
  here”

• Instead,
  Australia was trying to diversify its trading partners while
  stabilising its trade relationship with China.

Info comes via local media here in Oz.

This article was written by Eamonn Sheridan at www.forexlive.com.