Lates News

Australian Prime Minister Albanese says that Australia is ready to "reach an agreement" with the European Union after years of trade negotiations. He expressed cautious optimism, saying during a visit to Rome, "We support free and fair trade." "We are ready to reach an agreement, but not at any cost." The two sides have been negotiating a trade deal worth billions of dollars for many years. Last year, they reached an agreement to strengthen cooperation and investment in key mineral sectors. Albanese also mentioned the issue of agricultural exports, which is one of the main points of contention in the negotiations. He said that Europe is unwilling to meet Australia's demands to enter its market. However, he did not mention relaxing the luxury car tax imposed on European cars in Australia, which face a 5% tariff.