{"id":6220,"date":"2023-09-03T11:32:05","date_gmt":"2023-09-03T11:32:05","guid":{"rendered":"https:\/\/prosfunds.com\/news\/australia-eu-to-resume-talks-on-free-trade-deal-on-thursday\/"},"modified":"2023-09-03T11:32:05","modified_gmt":"2023-09-03T11:32:05","slug":"australia-eu-to-resume-talks-on-free-trade-deal-on-thursday","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=6220","title":{"rendered":"Australia, EU to resume talks on free trade deal on Thursday"},"content":{"rendered":"<div>\n<p>By Kirsty Needham<\/p>\n<p>SYDNEY (Reuters) &#8211; Australia and the European Union will resume free trade talks on Thursday with a teleconference between Australia&#8217;s Trade Minister Don Farrell and EU Commissioner for Trade Valdis Dombrovskis, a month after the two sides failed to reach a deal. <\/p>\n<p>Differences over access for Australian agricultural products, particularly beef, to EU markets saw Australia walk away from signing an agreement in Europe in July.<\/p>\n<p>Australia is keen to have wider access for its beef, lamb, dairy products and wines, much of which are subject to tariffs and quotas.<\/p>\n<p>Both sides are looking to diversify trade, with EU flows affected by the Russia and Ukraine war and Australian exports hurt after major trading partner China imposed blocks on a raft of farm products in a 2020 political dispute.<\/p>\n<p>Farrell said in an interview with Reuters last week that he hoped for an improved EU offer when he next speaks with Dombrovskis, whom he has invited to visit Australia. A source familiar with the matter said the teleconference would take place on Thursday.<\/p>\n<p>Farrell also said a free trade agreement would simplify European investment in Australia&#8217;s burgeoning critical minerals sector, in part by smoothing access through mandatory Foreign Investment Review Board (FIRB) screening.<\/p>\n<p>Australia supplies around half of the world&#8217;s lithium, as well as other minerals such as rare earths used in batteries for electric cars and defence, amid a global push to diversify supply chains away from dominant producer China.<\/p>\n<p>&#8220;We want European investment &#8230; but they&#8217;ve got to understand that as part of that process they&#8217;ve got to make a realistic offer,&#8221; he said.<\/p>\n<p>The EU and Australia opened negotiations in 2018. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/economy\/australia-eu-to-resume-talks-on-free-trade-deal-on-thursday-3164814\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Kirsty Needham SYDNEY (Reuters) &#8211; Australia and the European Union will resume free trade talks on Thursday with a teleconference between Australia&#8217;s Trade Minister Don Farrell and EU Commissioner for Trade Valdis Dombrovskis, a month after the two sides failed to reach a deal. Differences over access for Australian agricultural products, particularly beef, to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-6220","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Australia, EU to resume talks on free trade deal on Thursday | Prosfunds<\/title>\n<meta name=\"description\" content=\"By Kirsty Needham SYDNEY (Reuters) - Australia and the European Union will resume free trade talks on Thursday with a teleconference between Australia&#039;s\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=6220\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia, EU to resume talks on free trade deal on Thursday | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"By Kirsty Needham SYDNEY (Reuters) - 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