Australia and the European Union have signed a landmark free trade agreement, ending eight years of on-and-off negotiations in a deal shaped as much by geopolitical urgency as by economics — with China's dominance of critical mineral supply chains and the shadow of US tariffs under the Trump administration providing the final impetus to close talks
The agreement, signed on Tuesday, will eliminate more than 99% of tariffs on EU goods exports to Australia, saving European companies an estimated €1 billion ($1 2 billion) annually, while Australian Prime Minister Anthony Albanese said the deal would add approximately A$10 billion ($7 billion) per year to the Australian economy
Please login to your account to read an unabridged text.
If you don't have an account, you can create it free by registering here.
Source and Credit: reuters.com
