Economic Affairs Minister Peter Altmaier (r.) with Australia's Treasurer Josh Frydenberg (l.)

Economic Affairs Minister Peter Altmaier (r.) with Australia's Treasurer Josh Frydenberg (l.)

© BMWI/Mertens

Minister Altmaier and Australia’s Treasurer Josh Frydenberg met for a working breakfast to discuss key aspects of the ever-deepening bilateral economic relations and current developments in global trade policy.

Minister Altmaier stated: “Australia is an important economic partner for us in the Asia-Pacific region. It is a partner which shares our values and with whom we are engaged in good and long-standing intensive cooperation. We wish to continue building up our good economic relations. An important contribution towards this can be made by the negotiations on the free trade agreement between the EU and Australia. From the outset, Germany has been a firm advocate of an FTA between the EU and Australia. We are now pressing hard for a rapid conclusion to the talks.”

The above-average dynamic development in bilateral economic relations was triggered not least by the high-level German-Australian advisory group set up by the two heads of government in 2015. In 2017, the Asia-Pacific Regional Conference in Perth, Western Australia, brought cooperation to a new level. The negotiations on an EU-Australia free trade agreement are currently making very good progress.