Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Australia says EU has postponed free trade talks for second time

EconomyOct 22, 2021 09:31AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: Containers are piled up at Port Botany facilities in Sydney Australia, February 6, 2018. REUTERS/Daniel Munoz 2/2

By Colin Packham

CANBERRA (Reuters) -The European Union has postponed the next round of free trade talks with Australia for a second time, the Australian trade minister said on Friday, amid simmering anger over Canberra's decision to cancel a $40 billion contract with France.

Dan Tehan said the 12th round of talks with the EU had been postponed for the second time this month, this time until February 2022. The talks were previously put off by a month from mid-October.

"The European Union have advised the Australian government that Round 12 of the FTA negotiations will now take place in February," Tehan said in a statement to Reuters.

The European Commission, which oversees trade policy for the 27-nation European Union, said it had not scheduled a resumption of trade talks in November, with no new date set for the 12th round to take place.

A mid-November round could have been awkward timing given it would have coincided with the end of global climate change talks in Scotland, with Brussels seeking greater commitments on climate action from Canberra as part of the trade deal.

Australia in September cancelled a deal with France's Naval Group to build a fleet of conventional submarines and will instead build at least eight nuclear-powered submarines with U.S. and British technology, after striking a trilateral security partnership called AUKUS with those two countries.

The cancellation angered France, which accused both Australia and the United States of stabbing it in the back. Paris recalled its ambassadors from both Canberra and Washington.

In solidarity with France, European Commission President Ursula von der Leyen questioned whether the bloc could strike a trade deal with Australia.

The new development comes just weeks after Tehan told Reuters he expected to finalise a free trade agreement with the EU by the end of next year.

Australia has sought to mend relations with the EU and France in recent weeks, appointing a senior aide to Prime Minister Scott Morrison as envoy to the 27-nation bloc.

The French ambassador to Australia returned this week to Canberra where he has said he intends to evaluate Australia's stated commitment to repairing ties.

 

Australia says EU has postponed free trade talks for second time
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email