https://arab.news/9k3nn
The old adage among travelers and commuters is that one often waits a long time for a bus or train, then two or three arrive at once. Turning to the global landscape, the same appears true of EU trade deals.
After years of painstaking negotiations with key powers, the EU has had success after success since European Commission President Ursula von der Leyen’s second term of office began in December 2024. Only earlier this week came the latest breakthrough with a deal agreed with Australia.
This adds to the recent EU agreements with Mercosur in South America and India, plus also a Brexit reset deal with the UK, closer to home in Europe. Key targets on the horizon include the Gulf Cooperation Council states.
Of course, the EU has long had some of the largest economic networks in the world. For instance, even before the recent deals of von der Leyen’s second term, the EU benefited from around 75 partners and more than $2 trillion in trade ties.
