In December 2024, the Australian parent companies of Northback Holdings filed a Request for Arbitration) with Canada under the terms of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
The general framework of the agreement is to remove tariffs and minimise regulation for business, with exceptions intended to preserve government rights to regulate in key areas.
Poland wants safeguards in the EU-Australia trade deal to protect its beef sector, Agriculture Minister Stefan Krajewski has said, warning that new trade agreements could hurt producers despite currently high cattle prices.
The Hungarian Chamber of Agriculture (NAK) and the National Association of Hungarian Farmers’ Circles and Farmers Cooperatives (MAGOSZ) strongly condemn the European Commission’s irresponsible actions.
The freshly sealed trade deal between the EU and Australia is already triggering a backlash in France, putting Emmanuel Macron’s government in a tricky position on trade once again.
The EU’s top diplomat in Australia has dashed hopes an elusive free-trade deal will be clinched this month, saying talk of bloc’s president visiting is “absolutely premature”.
Sticking points remain: access for Australian beef and lamb to the European market; EU trade protections on specialty foods; critical minerals; and an Australian tax on luxury cars.
In this investment dispute, Berkeley claims that Spain’s actions against its Spanish subsidiary, Berkeley Minera España, and the SalamancAustralia's Berkeley Energia filed a memorial of claim for about $1.25 billion against Spain at the World Bank's arbitration tribunal, up from a previous request, over the blocked Salamanca uranium project.