Australian Trade Agreement With Spain

The defence industry is an area in which trade relations are developing rapidly. Spain has already built a significant part of the Australian naval fleet. Australia`s most modern warship, the world-class HMAS Hobart, was tasked last September with firing on Australia`s naval fleet using both aircraft and missiles. The ship was designed with two similar-class destroyers by the Spanish company Navantia. Over the years, both nations have signed numerous bilateral agreements, such as . B an extradition treaty (1987); Cultural, educational and scientific cooperation agreement (1991); 1992 agreements on the prevention of double taxation and the prevention of tax evasion; Convention on Social Security (2002); Air Services Agreement (2009) and Work Visa Agreement (2014). [4] During a week in which the EU announced an improvement in its trade relations with Mexico, an Australian Prime Minister came to Europe to discuss the prospects of a trade agreement between the EU and Australia. But the benefits are worth encouraging. At a time when a former free trade advocate – the United States – is threatening trade wars, this is an opportunity for Australia and Europe to jointly defend the benefits of trade by strongly reaffirming the benefits of open trade and the positive economic benefits it generates. With the opening of negotiations on free trade agreements, it will be essential to overcome the legacies of disinterest in foreign policy in order to make the necessary concessions to a substantial and useful agreement.

On the Australian side, a free trade agreement is strongly supported by both major political parties. A comprehensive overview of political, economic and bilateral and regional trade agreements. Australia and the EU share many positions on trade policy and the multilateral trading system. They have very good political relations, based on common values of democracy and human rights, with the recent ratification of the partnership agreement BETWEEN the EU and Australia. Australia`s economic integration with Asia, the world`s fastest growing region, makes Australia an obvious strategic partner for Europe. Spain is a member of the European Union (EU) and is subject to EU trade rules. In the past, Australia`s trade links with Spain may have gone under the radar: there was a kind of knowledge gap between the two countries and the peoples.

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