Europe Aims to Revive Trade Deals to Secure Allies
- EU close to deals with Chile, New Zealand and Australia
- Brussels seeks to bolster ties amid geopolitical instability
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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, according to an EU official familiar with the plans.