{"id":183087,"date":"2023-10-30T07:58:59","date_gmt":"2023-10-30T07:58:59","guid":{"rendered":"https:\/\/precoinnews.com\/?p=183087"},"modified":"2023-10-30T07:58:59","modified_gmt":"2023-10-30T07:58:59","slug":"bombastic-eu-to-blame-for-australia-trade-deal-collapse-say-brexiteers","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/bombastic-eu-to-blame-for-australia-trade-deal-collapse-say-brexiteers\/","title":{"rendered":"\u2018Bombastic\u2019 EU to blame for Australia trade deal collapse, say Brexiteers"},"content":{"rendered":"

<\/p>\n

Brexiteers have said the European Union has only itself to blame for the collapse of trade negotiations with Australia – and suggested the setback plays directly into the UK\u2019s hands.<\/p>\n

And a Brussels-based policy analyst has agreed that the bloc\u2019s \u201cprotectionist\u201d attitude was severely hampering attempts to strike such deals with countries the world over.<\/p>\n

Don Farrell, Australia\u2019s Trade Minister, who along with EU representatives was at the G7 meeting in Osaka at the weekend, yesterday dashed hopes of an agreement, lamenting the inability to make \u201cprogress\u201d.<\/p>\n

David Jones, the Tory MP for Clwyd West and a member of the European Research Group, was in little doubt about the reasons for the failure, which he contrasted with the agreement struck by London and Canberra in December 2021.<\/p>\n

He told Express.co.uk: “It\u2019s very interesting that Australia was not so attracted by the EU market that it was prepared to compromise on its own negotiating position.<\/p>\n

READ MORE: <\/strong> Russia skewered over Israel-Hamas war ‘PR stunt’ as hypocrisy is exposed[INSIGHT] <\/strong><\/p>\n

EU has made trade deal with Australia \u2018difficult\u2019 says economist<\/h3>\n

\u201cThe UK and Australia have been able to negotiate a good deal that will benefit both countries.<\/p>\n

\u201cThe bombastic stance of the EU has been its own undoing. There are further opportunities for the UK here.”<\/p>\n

Similarly, Ben Habib, deputy leader of Reform UK and a former Brexit Party MEP, told Express.co.uk: \u201cDoing trade deals with the EU is not easy.<\/p>\n

\u201cThere are two hurdles which are challenging. The first is the balancing of interests across member states, with France and Germany often having opposing aims in trade.<\/p>\n

\u201cThe second is the cartel nature of the EU and its mercantilist attitude. Trade deals must be skewed in its favour.\u201d<\/p>\n

It was for this precise reason that the EU had not been able to reach a deal with the United States either, Mr Habib explained.<\/p>\n

<\/p>\n

He said: \u201cThe US wanted access to EU markets for its agricultural outputs in return for allowing Germany access to its markets.<\/p>\n

\u201cThe French would have none of it. They would not expose their farmers to competition to help German exports.\u201d<\/p>\n

Mr Habib continued: \u201cThe same difficulties have just undermined a possible trade deal between the EU and Australia.<\/p>\n

\u201cRemember when we were told the UK would not be able strike trade deals once we left the EU? Well, how wrong those doomsters were.<\/p>\n

\u201cThe UK has rolled over dozens of trade deals and struck two massive new ones with the Comprehensive Progressive Trans Pacific Partnership (CPTPP) and Australia. Where the EU failed, the UK has succeeded.\u201d<\/p>\n

Mr Habib lamented: \u201cSadly, Boris Johnson\u2019s Brexit deal with the EU was only capable of being reached because he gave in to their bullying demands.<\/p>\n