After the EU’s offer to Canada, could Australia also embrace a ‘Eurovision’?
In a hostile trading world, mid-sized nations are forging new relationships. Canada has the right idea.
The Canadian Prime Minister, Mark Carney, has proposed that Canada become an "associate member" of the European Union (EU), prompting discussions about Australia following suit. Australia has been a participant in the Eurovision Song Contest since 2015, and Australia's Trade Minister, Don Farrell, hasn't ruled out the possibility of joining the EU.
Farrell has been instrumental in establishing the EU-Australia Free Trade Agreement, which was agreed upon in March but not yet ratified by either party. European Parliament President Roberta Metsola has hinted that nations like Australia and New Zealand may seek to deepen their relationships with the EU. The EU's economy is the world's second-largest, making it an attractive partner for Australia.
Furthermore, the Brexit effect has made Australia and Canada more interested in forging new deals with allies such as the EU. While the EU was initially created as a customs union to prevent war between France and Germany, it has since evolved into a more expansive entity with a common currency, central bank, and foreign policy.
However, despite this growth, there are limits to the EU's influence, as national identity still plays a significant role. The EU-Australia Free Trade Agreement is a significant step forward for Australian farmers, providing them with preferential access to the EU market for beef, sheep, dairy, and horticulture products. However, the agreement may not go far enough for farmers, with some calling it the "worst deal ever."
The possibility of Australia becoming an associate member of the EU is still unclear, with no official provisions in the treaty. It may involve limited market access, but a comprehensive trade deal could be more beneficial for Australia in the long run.
Written by urgent.news from The Conversation AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.