The TFIA was recently contacted by DFAT seeking comment in regards to plans for an Australia-EU Free Trade Agreement. We will in turn be collating a response on the industry's behalf and so we'd like to hear your thoughts! ABOUT THE AUSTRALIA - EU FTA
The Australian Prime Minister together with the President of the European Council and the President of the European Commission agreed in a joint statement on 15 November 2015 to start the process towards a comprehensive and high-quality Free Trade Agreement (FTA).
Australian and EU officials will now begin bilateral discussions on the next steps to launch negotiations. As part of this process, DFAT is seeking submissions from interested stakeholders. The due date for submissions is 5pm on 26 February 2016.
Key interests and benefits:
- A comprehensive, high-quality Australia-EU FTA would help to ensure our trade and investment relationship reaches its full potential
- An Australia-EU FTA would remove barriers to trade in goods
- An Australia-EU FTA could expand services linkages and investment ties
- An Australia-EU FTA could enhance regulatory cooperation in specific sectors of interest to business.
GOT SOMETHING TO SAY?
Do you have a comment or question you would like to raise in relation to the Australia-EU FTA? If you would like to submit individual submissions please do so, otherwise send through your comments to email@example.com by 12th February to be included in the TFIA's response.
WHAT SHOULD BE INCLUDED IN THE SUBMISSION
- Consider and comment on the commercial, economic, regional and other impacts that could be expected to arise from an Australia-EU FTA.
- Specific market access challenges and other issues of importance in doing business with the EU or EU member states.
- Information on tariff and non-tariff barriers to goods and services trade and barriers to investment.
- Observations based on past experience in the EU or in other markets that may have some bearing upon a future FTA.
- Raise general issues associated with the impact of a possible Australia-EU FTA on Australia.
Want to find out more? Head to the DFAT page.