BusinessEurope welcomes today’s conclusion of the EU-Australia trade agreement. BusinessEurope President Fredrik Persson said:
“This agreement is a win for both sides, geopolitically and economically. Crucially, it reaffirms the EU and Australia’s shared commitment to open, rules‑based trade and to working together to diversify their economies, reduce strategic dependencies, and build secure, resilient supply chains.
Australia is also a major player in the strategic and dynamic Indo-Pacific region, which accounts for much of the projected global economic growth in the coming years.
Along with opening up new market opportunities for European exports of services and goods through duty elimination in areas ranging from chemicals to agrifood products, it demonstrates the potential for Australia to be an important partner for the EU in securing access to critical raw materials and energy.
With EU Foreign Direct Investment in Australia already being close to €123 billion, we expect that the agreement will open the door to further investment across a diverse range of sectors, including security and defence.”
