Tag

Free Trade Deal

All articles tagged with #free trade deal

trade2 years ago

EU-Australia Free Trade Deal Collapses, Negotiations Stalled Indefinitely

The free trade deal between the European Union (EU) and Australia has collapsed, with negotiations potentially pausing for years. The talks, which began in 2018, have repeatedly stumbled over market access for Australian agricultural products such as beef and sheep meat. Australian agriculture minister Murray Watt stated that the EU negotiators had refused to make necessary concessions during the latest round of talks. It is unlikely that negotiations will resume during the current term of parliament, indicating a potential delay until after the 2025 general election. The EU remains ready to continue negotiations, but Australia's re-tabled agricultural demands did not reflect recent negotiations, according to the European Commission.

business2 years ago

Saudi Arabia pivots towards China, snubs Western concerns.

Saudi Arabia's energy minister, Prince Abdulaziz bin Salman, has stated that the kingdom wants to collaborate with China, not compete with it, and "ignored" Western concerns over their growing ties. The two nations' bilateral relationship has deepened in security and sensitive tech, in addition to hydrocarbon ties. Chinese entrepreneurs and investors have flocked to Riyadh for an Arab-China business conference, which came days after a visit by U.S. Secretary of State Antony Blinken. The momentum has also raised prospects for a successful conclusion to negotiations for a free trade deal between China and the Saudi Arabia-dominated Gulf Cooperation Council (GCC), ongoing since 2004.