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EU optimistic on finalizing trade deal with Australia, predicting big export and investment boosts by year-end.
The EU trade commissioner, Luca Visentin, is optimistic about finalizing a free trade agreement with Australia by the end of the year.
EU models predict a 33% increase in exports and an 87% rise in investment under the deal.
Key challenges include gaining access for Australian beef, lamb, sugar, and cheese into the European market and negotiating geographical indicators.
Shared values like democracy and the rule of law are expected to bolster economic ties.
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La UE se muestra optimista sobre la finalización de un acuerdo comercial con Australia, y prevé un aumento significativo de las exportaciones y las inversiones.