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EU-Australia Trade Agreement

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The European Union launched negotiations for a comprehensive and ambitious trade agreement with Australia on 18 June. The EU is Australia's second-biggest trade partner. Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost EUR 48bn in 2017. Bilateral trade in services added an additional EUR 27bn. According to an impact assessment, trade in goods and services between the two partners could increase by around a third.

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