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Post by Dan Dare on Feb 16, 2024 8:23:01 GMT
Didn't we do this one already and came to the conclusion that Australia produces little that the EU doesn't produce itself and that as a market for EU-produced goods it is about as important as Angola or Egypt.
So hardly a strategic priority I would have thought.
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Post by buccaneer on Feb 16, 2024 8:31:38 GMT
Didn't we do this one already and came to the conclusion that Australia produces little that the EU doesn't produce itself and that as a market for EU-produced goods it is about as important as Angola or Egypt. So hardly a strategic priority I would have thought. I think we established that the EU is an agriculturally protectionist market and won't get its hands on Australia's critical minerals as easily as it thought it would. All for the sake of a few French farmers ensuring EU "citizens" pay above RoW prices. |
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Post by Dan Dare on Feb 16, 2024 8:36:27 GMT
It's true that the EU does not operate a Wild-West style economy completely open to all and sundry like the UK, with its family jewels on permanent fire-sale, but that's how they seem to like it.
But what minerals do you refer to?
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Post by buccaneer on Feb 16, 2024 9:04:57 GMT
The kind that is holed up in Ukraine now who are at war with Russia.
Australia has ilmenite, zircon, garnet, rutile, zinc, uranium, plenty of metals and mineral ores like bauxite, iron ore, lithium, magnesium, titanium, gold, lead, diamond, copper and the list goes on.
The EU wanted their mitts on this, but given that French farmers blockade Paris every other month the EU couldn't negotiate a reciprocally beneficial deal. Which is par for the course these days.
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Post by Dan Dare on Feb 16, 2024 9:38:25 GMT
I think most of the minerals mined in Australia go to China not the EU, which has other sources for all of them, usually closer to it than the other side of the world.
Of course the UK used to be Australia's biggest trading partner by far, but it has little need for Australian minerals these days since it has hardly any industries left that can use them.
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Post by buccaneer on Feb 16, 2024 10:31:59 GMT
I think most of the minerals mined in Australia go to China not the EU, which has other sources for all of them, usually closer to it than the other side of the world. Of course the UK used to be Australia's biggest trading partner by far, but it has little need for Australian minerals these days since it has hardly any industries left that can use them. Ukraine was one of them. But the EU were getting concerned with the war there, so were looking for alternatives. Their agricultural lobby has them over a barrel and restricts their ability to trade with RoW, so that it is beneficial to both it and its consumers. |
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Post by Dan Dare on Feb 16, 2024 10:41:21 GMT
There's absolutely nothing to prevent European companies from sourcing minerals from Australia if it makes commercial sense. The EU external tariffs on most mineral imports are relatively low, averaging 2%, so a FTA would have litle benefit for buyers of Australian minerals.
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Post by Vinny on Feb 16, 2024 10:42:40 GMT
Australia's summer is the EU's winter.
Great therefore, for lowering food prices.
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Post by Dan Dare on Feb 16, 2024 11:00:41 GMT
The EU already has trade agreements in place or in negotiation with lots of countries in the Southern Hemisphere.  |
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Post by Pacifico on Feb 16, 2024 12:30:57 GMT
I'm not sure there is much mileage in the proposed EU trade deal with South America - it will probably be scrapped very soon.
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Post by Vinny on Feb 16, 2024 13:10:27 GMT
EU Australia trade talks collapsed in failure Dan.
And so did the talks with Mercosur.
But there is a UK EU FTA in place.
Stop complaining.
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Post by Totheleft on Feb 16, 2024 16:31:47 GMT
The EU doesn't have a free trade agreement with Australia. Talks failed. One size fits none. Let's look at the Super duper free trade Deal with Australia. The A-UKFTA’s commercially significant commitments will create export opportunities for business by eliminating tariffs on over 99 per cent of Australian goods exports to the UK and 98 per cent of UK imports to Australia . 12 May 2023 — The UK exported £9.8 billion of goods and services to Australia in 2021 (1.6% of all UK exports) and imported £4.6 billion from Australia (0.7% ... EU-Australia agreement Total trade in goods accounted for €56.4 billion in 2022 (EU surplus of €20.6 bn), and total trade in services added another €25.8 billion in 2021 (EU surplus €11.9 bn). policy.trade.ec.europa.eu › ... EU trade relations with Australia - European Union Looks like we lose out with the super dupper trade deal |
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Post by Pacifico on Feb 16, 2024 16:36:00 GMT
UK consumer gets cheaper products - who is losing out?
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Post by Dan Dare on Feb 16, 2024 16:40:45 GMT
EU Australia trade talks collapsed in failure Dan. And so did the talks with Mercosur. But there is a UK EU FTA in place. Stop complaining. Who's complaining?
I'm only pointing out that an FTA with Australia is mice-nuts as far as the EU is concerned which is fundamentally why talks have collapsed.
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Post by Vinny on Feb 16, 2024 17:28:23 GMT
Australia is one of the world's biggest agricultural producers. The farmers in France would block Paris to stop the EU doing an FTA with their rivals. It would mean cheaper food.
There are seven million people in France using food banks whilst the EU sits on food mountains to keep food prices high. Australia exporting cheap food would completely undermine the food mountain and wine lake system.
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