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).
- 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.
Reproduction of (parts of) this information or related documents is not permitted without the prior written consent of ACEA. Whenever reproduction is permitted, ACEA shall be referred to as source of the information.