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Australia says trade pact would benefit EU in Indo-Pacific amid submarine deal fallout

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Reuters

By Colin Packham CANBERRA (Reuters) – An Australian-EU trade deal would be mutually beneficial and allow EU members a greater presence in the Indo-Pacific, said Australia’s trade minister, as Canberra tries to repair ties with Paris after the scrapping of a $40 billion submarine deal. Australia last week cancelled a deal with France’s Naval Group to build a fleet of conventional submarines and will instead build at least eight nuclear-powered submarines with U.S. and British technology after striking a trilateral security partnership with those two countries. The cancellation has angered Franc…

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