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Bloomberg
The European Union aims to secure at least three stalled trade accords this year as the bloc looks to reinforce strategic alliances amid the turmoil caused by Russia’s invasion of Ukraine.
The European Commission expects to conclude negotiations with Chile, New Zealand and Australia by the end of 2022 after progress had been stalled for months.
The commission, the EU’s executive arm, will also try to finalise legal texts to ratify agreements already struck with Mexico and the South American trade bloc Mercosur, according to the official, who asked not to be identified as the talks take place behind closed doors.
The trade offensive takes place amid the geopolitical fallout from Russia’s attack on its neighbour, prompting the 27-member EU to cement ties with allies including the US and leveraging a market of 450 million people.
Commission President Ursula von der Leyen will meet with Japanese Prime Minister Fumio Kishida this week to discuss trade, security and defense.