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EU-Australia Trade Deal: Opening Doors to Growth

Published 1 week, 1 day ago
Description

The European Union and Australia have finalized a free trade deal, eliminating tariffs on most goods and setting quotas on sensitive items like beef, lamb, and sugar. This agreement, signed amid rising US tariffs and concerns over Chinas rare earth supplies, also boosts security and defense ties. However, farmers on both continents have expressed concerns about market access and quotas. The pact safeguards EU food and spirit names and liberalizes car trade, services, and investments, promoting growth and deeper cooperation in a changing global landscape.

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