Australia and EU fail to reach agreement on free trade deal

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Australia and the European Union (EU) have again failed to reach an agreement on a free trade deal, according to the European Commission.

“We regret it was not possible to conclude our talks with Australia this week. We made progress but more work is required to address key outstanding issues,” a Commission representative said on Tuesday.

A sticking point in the trade talks is the EU’s objection to Australian food producers using terms such as feta and prosecco.

Australia’s trade minister, Don Farrell, said he was “confident” an agreement will come, but maintained that “Australia needs meaningful agricultural access to European markets.”

Minister Farrell said officials on both sides would continue negotiations and try to meet again in August.

Source: The Guardian

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