From The Independent · · 1m 20s
Australia eyes closer EU ties amid US trade tensions
Following Canada's lead, Australia explores a deeper alliance with Europe to diversify away from American tariffs.
In brief
Following Canada's lead, Australia explores a deeper alliance with Europe to diversify away from American tariffs. Australia is considering strengthening its relationship with the EU as it seeks alternatives to US trade dependency and protectionism. Originally reported by The Independent.
Canada explores EU alliance
Canada is seeking an 'associate member' status or unique alliance with the EU rather than full membership, as it faces escalating trade disputes with the US.
“We are on the same page”
Australia signals alignment
Australian trade minister Don Farrell told the Sydney Morning Herald that Australia is watching Canada's moves closely and will take great interest in what Prime Minister Carney does.
“We will take great interest in what Carney does.”
What Canada-EU talks include
Discussions cover free movement of goods, services and workers in AI, energy, defence and critical minerals, plus shared infrastructure like underwater cables, data centres and satellite networks.
Australia's trade diversification
Australia has faced US tariffs on exports despite its long-standing security pact and free trade deal with Washington, pushing it to seek alternatives.
The free trader argument
Trade minister Farrell said the world is dividing into protectionists and free traders, and Australia's 50-year prosperity has depended on global engagement.
“The world is dividing into protectionists and free traders.”
EU trade agreement already in place
Australia and the EU signed a free trade agreement in March after eight years of talks, removing tariffs on almost all goods and easing EU access to Australian critical minerals.
The key point
Australia is considering strengthening its relationship with the EU as it seeks alternatives to US trade dependency and protectionism.
