EU-Australia free trade deal collapses, could take years to resurrect

by AfghanLoad

28 comments
  1. It falls with Australia, it falls with South America. “Good job” Europe./s

  2. This is the true ‘damned if you do, damned if you don’t’ with the EU. The agricultural questions are always the ones that we argue over in just about any trade deal. Could care far less as it isn’t big economically, but Great Scott is it one of the few things that a lot of members come together to fight tooth and nail for.

  3. Meat shouldn’t need to be part of global deals at all. Including animal feed. It’s a wasteful product, if you can’t make it locally and without it being in the way of better uses of land, don’t bother.

  4. “A European Commission spokesperson said it had been optimistic of striking a deal in Osaka, but that Australia had “re-tabled agricultural demands that did not reflect recent negotiations”

    If Australian politicians think they can change the eating habits and culture of 450m Europeans, they are in for a rude awakening.

    The USA failed multiple times in that same regard. What is so special with Australia? Faux News?

  5. Do people remember the covid crisis at all? How countries suddenly banned and limited the export of medical equipment and vaccines, or robbed stuffed on its way to other countries like the time Turkey impounded a plane bound for Spain with masks and medical devices?

    Now, that was severe and led to a massive crisis. But imagine if instead of masks countries fought over food.

    The EU can’t rely on imports of food, allowing our farmers to be overrun by imports from anywhere else would be the largest strategic mistake we could make. If Australia or any other country imposes the condition of eliminating or increasing the quotas for food, no trade deal is worth the risk that this entails. Yes this means that consumers pay higher prices for food, but this is an insurance, and IMO a small price to pay for an insurance against starvation.

  6. Agricultural BS always gets in the way. Time to cut subsidies for food altogether and allow free market to regulate itself. Why can Aussies and NZ do it, but French and German farmers cannot?

    It consumes up to 50% of EU’s budget, produces around 1,5% GDP, and employs a mere 4% of all labour force within EU. It clearly destroys EU’s potential and for nothing.

    Farmers usually pay lower taxes than ordinary taxpayers, live on subsidies, and are one of the richest privileged groups within the whole of EU.

  7. Is what you get for vetoing us on Schengen you upside down twats!:) /s

    To be fair it is funny to have a beef over beef and if the world was not as crazy as it is right now we would have had many laughs about it.

    But that is a luxury nobody has anymore 🙁

  8. European countries have flawed electoral systems that disproportionally give political voices to the few but aging mechanized European farmers who would have otherwise could not compete well with the large agricultural exporting countries like Australia. They do it the same to Mercosur where the EU-Mercosur FTA was supposed to be in force by now, but Austria, France, Ireland, and Poland keeps blocking the ratification due to the few but aging farmers lobby.

    I think to alleviate the concerns of the few but aging European farmers that they would be displaced, I suggest that the principle of free movement of goods, services, and labor should be included in the proposed FTAs with major agricultural exporting countries like Australia and Mercosur member nation-states, so that these European farmers would be able to freely move into Australia or Argentina, while Australian or Argentine professionals would do the same to Europe.

  9. oh shit, people of the EU can’t be deprived of their timtams for too long! 😮

  10. The EU doesn’t have to follow the UK path of signing a deal with Australia worse than no deal because of the optics.

  11. It’s kind of amazing how jingoistic r/Europe gets whenever an article about trade gets posted. All of a sudden other Western nations are backward people eating poisoned food.

    For reference doesn’t even feature on the Australian subreddits.

  12. Europeans are clowns. They cling to embarrassing traditions like making human pyramids and dancing around a pole because they know that if they don’t constantly reaffirm their national identity of we wuzzing back to that time they were Great Powers they will have to come to terms with the fact that modern Europe is a shithole. Their food is worse than ours. Their wine is worse than ours. Their coffee is worse than ours. It’s purely about pride for Europeans, and trying to hold on to that delusional belief that they are still important.
    Reality is, Australia and the US outpaced Europe ages ago, they’re in the dust.

  13. Good. Fuck Australia and trading with them, especially things that have to be physically shipped literally from the other side of the planet. Australia is a banana republic based on resource extraction, they have no domestic industry or services worth caring about, and its population is made up mostly of bogan racists. People call Israel an apartheid state, if they only knew how Australia treats its indigenous people… Let’s talk again when this backwards country has joined the 21st century and acquired more European values.

  14. Speaking as Canadian, it was extremely difficult getting any FTA done with the EU. Our minister of trade at the time cried because of Wallonian politics.

  15. Eh I don’t know much about the deal but surely from what I’ve read it would’ve not been great for us?

    EU has so many protected terms which is mostly a good thing but certain product names are way too strictly regulated when they’re restricted to certain regions. We also have a lot of European migrant families here that have brought their culture, and consumers don’t want to spend an arm and a leg.

  16. As an Australian (and ex EU member a la 🇬🇧), objectively, this is mostly your (the EUs) loss. Australia is one of the best countries to have a FTA with. This is indisputable and has been proven a multitude of times be it china, the usa, nz, japan etc.

    Our economy is stable and reliable, our supply chain is relatively clean (in terms of labour conditions as well as animal treatment in this case), and our nations are aligned politically. Whats not to like?

    This isnt russia supplying Germany LNG, its Australia sending the EU some cows. Australia is quite literally the most dependable economy in the world. It took covid to tip us into the first recession after 1991. Yes, we avoided both the early 2000s recessions AND 2008.

    Also – this isnt a big loss to Australia from what I can gather. The fact of the matter is that Australia wouldnt gain much except a some extra trade from this deal, whereas the impact on relevant food prices in the EU I hear wouldve had a much needed drop.

    Its failure has been posted in various AU subreddits (r/australia and r/ausfinance) and the responses are pretty unanimously “so what?”. Its not getting much attention over here. We arent going through a food inflation crisis, and while yes, we have inflation, its not to the extent of the EU. I feel like this is the EU shooting itself in the foot.

    Not entirely sure how this will go down in r/europe but ive tried to be objective. Please reply to me if you want to have a discussion, or fact check me 🙂

  17. We should never give up our food security to others outside. Food is more than a commodity, it is a natural security issue.

  18. Unfortunately the EU can’t have its cake and eat it too. I guess they can keep relying on Russia and China for Rare Earth Minerals, because that can’t backfire at all…

    > The two sides have tussled over how far Europe should prise open its markets to Australia’s sheep meat, beef and sugar exports.
    >
    > At the same time, Europe wants better access to Australia’s rich deposits of “critical minerals”, easing its reliance on Russia and China for the key ingredients in clean-energy products such as wind turbines and electric car batteries.

  19. Thing that was never going to happen once again failed to happen, more news at 12:00.

    It’s the same shit as T-TIP and the Mercousr deal, no one on either side needs or even particularly wants it, attempts are made for the sole reasons that trade deals as a concept are ideologically appealing but they never fail to slam full speed into the fact that countries have irreconcilable interests.

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