The Australian Minister of Trade, Investments and Tourism, Din Tian, announced that the European Union has postponed negotiations on a free trade agreement with his country by one month, without revealing the reason for this decision.
He explained in a statement that the negotiations, which were scheduled to take place in its 12th session this October, were postponed to next November at the initiative of the European Union, noting that “the free trade agreement is consistent with the interests of Australia and the European Union, and will strengthen our established relations.” On our common commitment to democracy, human rights, the rule of law and economic transparency.
“We understand France’s reaction to our decision about (cancelling) the submarine deal, but any nation must act in its own national interest, and this is what Australia has done,” Tian said. He stated that he will hold a series of meetings with his colleagues from the European Union next week to discuss new dates for conducting negotiations and the details of negotiations on a free trade agreement.
“Depending on the progress reached previously, we will continue preparations for the new round of negotiations and work on concluding a free trade agreement,” he stressed. Australian Prime Minister Scott Morrison last week expressed confidence that canceling the submarine deal with France would not affect the conduct of trade negotiations between Australia and the European Union.