Germany Australia Free Trade Agreement

Altmaier: „The EU-Japan Economic Partnership Agreement is an important signal for free and fair trade.“ The Environmental Goods Agreement (ITA), currently under negotiation, aims to deregulate the market for environmental goods. While the EGA is negotiated as a plurilateral agreement (i.e. by a small number of WTO member states), there is hope that it will later become a multilateral agreement that will be adopted by all WTO members. The initiative builds on APEC`s List of Environmental Goods, a document adopted in Vladivostok in September 2012, which sets the goal of limiting tariffs to a total of 54 environmental goods to a maximum of 5% of the value of these goods by 2015. The EU is New Zealand`s second largest trading partner. In 2019, the volume of trade amounted to more than 9 billion euros. Agricultural products account for the largest share of New Zealand`s exports to the EU, while the EU mainly exports manufactured and industrial goods to New Zealand. In 2019, Germany`s trade surplus with New Zealand amounted to €2.7 billion and EU companies accounted for more than €10 billion of foreign direct investment in New Zealand. A mutual recognition agreement has been concluded between the EU and Australia to facilitate trade in industrial products by reducing technical barriers. The Agreement establishes mutual recognition of conformity assessment procedures. This is done to reduce the costs of auditing and certifying exports and imports. So far, the EU and Australia have conducted their trade and economic relations under the 2008 EU-Australia Partnership Framework. The aim is to facilitate trade in industrial products between the EU and Australia by reducing technical barriers and improving trade in services and investment. Singapore: The EU and Singapore signed a free trade agreement and an investment protection agreement at the ASEM Summit on 18-19 October 2018. The European Parliament approved both agreements in February 2019. Germany welcomes these agreements, as Singapore, despite its small size, is one of Germany`s main trading partners in the ASEAN region. The ratification of the free trade agreement was concluded by a Council decision on 8 November and the agreement entered into force on 21 November 2019.The investment protection agreement has yet to be signed by all EU Member States. The Investment Protection Agreement sets high and clear standards of investment protection, which respect the state`s right to regulate, and introduces a reformed dispute settlement procedure, along the lines of CETA. For more information on both agreements, please visit the European Commission`s website. Here you will find an overview of the free trade agreements concluded by the EU. More information on eu-Australia trade negotiations A comprehensive overview of political, economic, bilateral and regional trade agreements.

The development of multilateral trade relations is a priority for both Germany and the European Union. The EU`s position on bilateral free trade agreements (FTAs) has evolved since 2007 in the light of bilateral free trade agreements concluded by some of Europe`s important trading partners (including the United States and Japan) that could threaten the competitiveness of European companies in global markets. The new generation of free trade agreements that the EU intends to conclude with other countries is vast and covers a wide range of different aspects. These agreements not only address the issue of tariffs (e.g. B tariffs, export subsidies), but also on rules on services, the elimination of non-tariff barriers and other trade-related aspects, such as investment and competition. . . .

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