Position paper – EU-Australia trade negotiations
The European Automobile Manufacturers’ Association (ACEA) fully supports the ongoing trade negotiations between the European Union and Australia, and calls for a speedy conclusion of a free trade agreement (FTA).
Australia represents:
- The largest vehicle market in Oceania with nearly 1.1 million vehicles sold in 2019.
- The 10th largest destination by volume for EU manufacturers of vehicles and the eighth largest by value.
- In 2019, EU exports of motor vehicles to Australia accounted for over 160,000 units worth €4 billion.
However, despite these positive figures, the local automobile market is largely dominated by non-EU manufacturers, all of whom already benefit from tariff free access. This means that a trade deal that delivers zero duty benefits to European exporters and tackles non-tariff barriers will allow Europe’s manufacturers to compete on an even footing and open the door to export growth.
This paper sets out ACEA’s position regarding an EU-Australia FTA, including:
ACEA fully supports the ongoing trade negotiations between the European Union and Australia, and calls for a speedy conclusion of a free trade agreement.
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