Australia needs better EU beef offer to revive trade deal, says minister

Summary

Australia’s Trade Minister Don Farrell has stated that Brussels needs to present a “better offer” to Australian beef and sheep farmers to finalize a trade deal, following the breakdown of talks in October 2023. Despite a positive diplomatic atmosphere, unresolved issues regarding agricultural market access remain, with Australia seeking a beef quota of 40,000 tonnes compared to the EU’s offer of 24,000 tonnes. Farrell emphasized that while goodwill exists, significant compromises are still needed from both sides to reach an agreement.

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