Australia deal shows EU is ‘open for business’
Affecting sectors from agriculture to critical minerals, the trade agreement marks a big win for both sides
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EUROPEAN Commission President Ursula von der Leyen wants her second term of office to be defined by a rise in the European Union’s economic competitiveness. While some of this agenda has proceeded slowly, her standout success has so far been with trade liberalisation.
Earlier this week, the EU secured a landmark agreement with Australia which the group’s top business lobby, BusinessEurope, called “a win for both sides, geopolitically and economically”.
The 27-member bloc had earlier agreed a trade deal with Mercosur in South America and India, and a Brexit reset deal with the UK.
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