EU, Australia trade talks postponed amid subs rowAustralia last month abruptly cancelled a multibillion-dollar contract for 12 French submarines, opting to buy nuclear-powered US-designed vessels instead. SYDNEY: A long-planned round of Australia-EU free trade talks have been postponed, a European official confirmed Friday, after fury over Canberra's decision to cancel a major French submarine contract. "The FTA trade round has been postponed for a month until November," an EU official in Canberra told AFP, throwing the future of the far-reaching pact into doubt. Australia last month abruptly cancelled a multibillion-dollar contract for 12 French submarines, opting to buy nuclear-powered US-designed vessels instead. The next round of talks was due to cover areas including trade, services, investment and intellectual property rights.

Source: Bangkok Post October 01, 2021 01:52 UTC