{"id":85385,"date":"2018-07-11T06:45:39","date_gmt":"2018-07-11T06:45:39","guid":{"rendered":"http:\/\/www.bnreport.com\/malmstrom-says-eu-will-find-a-way-to-do-australia-trade-deal-12\/"},"modified":"2018-07-11T06:45:39","modified_gmt":"2018-07-11T06:45:39","slug":"malmstrom-says-eu-will-find-a-way-to-do-australia-trade-deal-12","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/malmstrom-says-eu-will-find-a-way-to-do-australia-trade-deal-12\/","title":{"rendered":"Malmstr\u00f6m says EU will find a way to do Australia trade deal"},"content":{"rendered":"<p>SYDNEY \u2014 EU trade chief Cecilia Malmstr\u00f6m acknowledged Monday there would be \u201cdifficult moments\u201d in trade talks with Australia, but predicted that a successful accord would be a counterblast to U.S. President Donald Trumps protectionism.<\/p>\n<p>At a time when Trump has backed away from free-trade deals and moved to impose tariffs on allies including the EU, Malmstr\u00f6m said the deal would send a message to America.<\/p>\n<p>The EU and Australia, \u201cwho have always been defenders of international trade,\u201d are sending \u201ca very hands-on statement\u201d that \u201ctogether with other allies we are ready to stand up, to develop, to reform the system, and also to send the message that trade is a good thing,\u201d Malmstr\u00f6m said.<\/p>\n<p>\u201cWe will find a way,\u201d she told journalists at a press conference.<\/p>\n<p>The current climate is \u201cvery dangerous to global growth,\u201d the commissioner added during a press conference in Canberra with Australias Trade Minister Steven Ciobo and Prime Minister Malcolm Turnbull. \u201cIt is preoccupying. Thats why those of us who do believe in free trade must stick together.\u201d<\/p>\n<p>Malmstr\u00f6m, who traveled to Australia to officially launch the negotiations, acknowledged that geographical indications (GIs) would likely be the toughest element of the talks.<\/p>\n<p>\u201cThis will probably be the chapter thats the most difficult,\u201d Malmstr\u00f6m said of GIs. \u201cWe are very well prepared for this. This is probably where we will start.\u201d<\/p>\n<p>Ciobo said Canberra is \u201caspirational\u201d that the deal would give Australia access to the EUs agricultural market, particularly for premium produce.<\/p>\n<p>Pressed on whether Brussels is prepared to offer Australia access to agriculture, Malmstr\u00f6m said: \u201cWe have gone through a very ambitious reform agenda on the CAP \u2026 we are aware of the interests that Australia has. Im sure well find a way.\u201d<\/p>\n<p>Another point of contention is likely to be the period of time that non-patent-holding generics producers are prevented from manufacturing biologic drugs \u2014 the so-called data exclusivity period. Australia has previously fought to ensure the period is five years.<\/p>\n<p>Asked whether Australia would hold the line on a five-year maximum data exclusivity period, Ciobo said: \u201cAbsolutely.\u201d<\/p>\n<p>Malmstr\u00f6m responded: \u201cWe heard the message from the minister, and well take that with us into negotiations.\u201d<\/p>\n<p>Australian reporters are wary about <a href=\"https:\/\/www.reuters.com\/article\/us-italy-minister-canada-trade\/italy-wont-ratify-eu-free-trade-deal-with-canada-farm-minister-idUSKBN1JA0TR\" rel=\"noreferrer\" target=\"_blank\">comments made by Italys new populist government<\/a> threatening not to ratify the CETA trade deal with Canada. Asked whether Rome would scupper an Australia deal, Malmstr\u00f6m said: \u201cWe will make best effort to present an agreement that can be ratified,\u201d adding that \u201cItalian exports to Canada have increased by 8 percent\u201d as a result of CETA.<\/p>\n<p>Malmstr\u00f6m said teams from the EU and Australia will meet in two weeks in Brussels to start the technical work on their deal.<\/p>\n<h2><em>Read this next: <a href=\"https:\/\/www.politico.eu\/article\/stuttgart-car-clash-driving-ban-air-pollution-clean-mobility\/\" rel=\"noreferrer\" target=\"_blank\">Stuttgarts car clash<\/a><\/em><\/h2>\n<p><a href=\"https:\/\/www.politico.eu\/article\/cecilia-malmstrom-says-brussels-will-find-a-way-on-australia-trade-pact\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer\" target=\"_blank\">Original Article<\/a><\/p>\n<p>[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcRMd3Tz2gX9xSa6CJyaOj2dokBVcrdaT4yY3R3RI7YmL18vCLZZ\"\/><\/p>\n<h5><a href=\"http:\/\/www.politico.com\/&gt;Politico&lt;\/a&gt;&lt;\/h5&gt;_&lt;\/p&gt;[contfnewc]_[contfnewc]_&lt;\/body&gt;&lt;\/html&gt;\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY \u2014 EU trade chief Cecilia Malmstr\u00f6m acknowledged Monday there would be \u201cdifficult moments\u201d in ..<\/p>\n","protected":false},"author":1,"featured_media":85386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-85385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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