EU postpones trade talks with Australia

On Friday, in a statement Australian Minister for Trade Dan Tehan said, trade talks with the European Union have been postponed.

The development comes in the wake of Canberra deciding to cancel a $40 billion submarine deal with France.

Last month, Australia cancelled a deal with France’s Naval Group to build a fleet of conventional submarines and instead chose to partner with Britain and the United States to build at least 8 nuclear submarines,

The cancellation of the signed defense contract has angered France, which accused the United States and Australia of back stabbing.

The European Union sided with France with the president of the European Commission Ursula von der Leyen raising the issue whether the bloc could strike a trade deal with Australia.

Tehan declined to comment on the role of the submarine deal and confirmed that the 12th round of talks scheduled for October 12 had been postponed by a month.

“I will meet with my EU counterpart Valdis Dombrovskis next week to discuss the 12th negotiating round, which will now take place in November rather than October,” said Tehan in a statement.

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