Once an FTA negotiation has concluded people are suddenly worried about what impact it will have on their business, or what opportunity for change they missed out on.
Ai Group has partnered with ANU Centre for European Studies to run a quick survey on the forthcoming Australia-European Union Free Trade Agreement to get industry input beyond the traditional agriculture issues that have dominated past discussions.
Interim findings have found that the UK and Germany are the biggest trading partners in the current EU for Australian companies and that technical regulations and standards are the biggest roadblock to trade.
Respondents are split on the impact of BREXIT to their future trading relationship with the EU, as it depends on their current footprint in the region; the majority are undecided with so many details still to be finalised. Almost 70% of respondents trade goods that have inputs from outside Australia or the EU, indicating that some of the rules that are in place with the EU-Canada Agreement will not be suitable for Australia.
From standards, to visas to data restrictions, the current statistics are informed by those companies who have participated. We would like you to tell us what you think by completing the brief 10-minute survey.
Your responses will help to inform government, industry and analysts’ views before the negotiations begin mid 2018.
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