The Framework Agreement between the European Union and Australia, which provides a platform for closer collaboration across our full strategic relationship, enters into force today.
The Agreement has now been ratified by Australia, the European Union and all EU member states, after being signed in 2017.
Today is a significant milestone, as the Agreement will help advance negotiations of an Australia-EU Trade Agreement and pave the way for closer collaboration on key bilateral and multilateral issues.
These issues include climate change and the environment, sustainable development, human rights and democracy, education, culture, research and innovation, trade and investment, tourism, and security.
Our partnership with the EU has never been more important.
Australia and the EU are united in our response to Russia's illegal and immoral invasion of Ukraine. We continue to work together to support Ukraine's sovereignty and territorial integrity and hold Russia accountable for its actions.
We cooperate closely in the Indo-Pacific to promote a region that is peaceful and stable, governed by accepted rules and norms, and where all countries and peoples can cooperate, trade and thrive.
The EU is Australia's third largest trading partner and second largest source of foreign investment. Enhanced links will contribute to energy security and facilitate investment in renewable energy and the development of secure and sustainable critical minerals supply chains.
Australia particularly welcomes the opportunity to work even more closely with the EU on addressing the climate crisis. We share an unwavering commitment to ambitious domestic and international action to implement the Paris Agreement, support energy transitions and climate resilience globally.
