The International Trade Council (ITC) acknowledges the ongoing trade negotiations between Australia and the European Union (EU) and the concerns raised by Australian dairy farmers and wine producers regarding the potential impact on naming rights.
The ITC recognizes the importance of these negotiations for both parties and encourages open dialogue and constructive engagement to reach mutually beneficial outcomes. As trade diversification remains a key objective, it is crucial to strike a balance that supports the interests of all stakeholders involved.
The ITC encourages the Australian government to consider the concerns of the dairy and wine industries and ensure that their perspectives are adequately represented in the negotiations. The potential restrictions on the use of names such as feta and prosecco require careful deliberation, considering the implications for domestic producers and consumer preferences.
We acknowledge the efforts of Trade Minister Don Farrell in addressing these concerns and his commitment to securing a favorable trade agreement. The ITC supports the minister's principled approach and encourages continued engagement with industry stakeholders to find mutually agreeable solutions.
The negotiations between Australia and the EU present an opportunity to enhance market access and strengthen economic ties. Both parties should approach the negotiations with a spirit of collaboration, focusing on achieving outcomes that promote fair and transparent trade practices.
The ITC remains committed to supporting a rules-based international trading system that fosters economic growth, innovation, and sustainability. We encourage all parties involved to engage in constructive dialogue to ensure a successful and mutually beneficial outcome.