Potential Australia-Europe FTA
The Council of the European Union has agreed to talk with Australia about forming a free trade agreement
In the coming weeks, discussions for a free trade agreement between Australia and the European Union (EU) will commence.
Horticultural products are in the mix of potential exports, and a proposed agricultural counsellor strategically placed in the EU will help secure and improve market access for Australian producers.
“This has big potential for our farmers and will open up lucrative premium markets in our fourth largest export destination driving increased exports, economic growth and jobs in rural and regional Australia,” said Australian minister for agriculture and water resources, David Littleproud.
“So much of the food our famers produce goes to export and the government will be working hard to make sure our farmers get real benefits from this.”
As part of this year’s budget in Australia, the federal government has announced the appointment of an agricultural counsellor in the EU who will work on market access deals on the ground.
“The EU is our fourth largest export destination for agriculture, fisheries and forestry worth $3.8 billion in 2016-17. It is also our largest source of agriculture, fisheries and forestry imports, valued at $5.6 billion,” Littleproud said.
“I look forward to the launch of negotiations between Australia and the European Union next month in Australia to further cement our important trade relationship with the EU.”