| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2017) 472 final |
| Publication Date | 18/06/2018 |
| Content Type | Policy-making |
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Summary: The European Commission adopted on 13 September 2017 a Recommendation for a Council Decision on launching talks with Australia for a Free Trade Agreement (FTA). The European Parliament's plenary session approved a resolution on 26 October setting its guidelines on the negotiating mandate, which was adopted by the Council of the European Union on 22 May 2018. The negotiations were launched on 18 June. Further information: At the time of this proposal, the European Union did not have a bilateral Free Trade Agreement (FTA) with Australia. This country was to date one of only six World Trade Organisation members without preferential access to the EU market. The objective of this proposal is to create more favourable conditions for further increasing trade and investment between Australia and the European Union. The EU's High Representative for Foreign Policy and Australia's Foreign Minister highlighted in April 2015 the need to further strengthen the bilateral trade and investment relationship. This was followed by the Joint Statement of 15 November 2015 by the leaders of the EU and Australia agreeing to commence work toward the launch of negotiations for an FTA. |
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| Source Link | http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2017:472:FIN |
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| Subject Categories | Trade |
| Countries / Regions | Australia, Europe |
