In the European Parliament this week, David Martin, Scottish MEP and spokesperson for trade for the Socialist and Democratic Group in the Parliament welcomed the opening of negotiations for a free trade agreement between the European Union, Australia and New Zealand.
“This aims be a 'high-quality' trade deal designed to open new markets and create new jobs, while strengthening the values shared by the three partners,” commented Mr Martin.
"The Asia-Pacific region, where 90% of world growth is estimated to happen over the next decade, is vital for us. With their European heritage, their relative proximity to the Asian market and their membership of the TPP (Trans-Pacific Partnership), Australia and New Zealand can be very important partners for us.
"Given Australia's experience, particularly with investment, I think they should prove very sympathetic to tackling the flaws in the existing investor-state dispute system and that gives us an opportunity to have a high-quality investment chapter in this agreement."
“These trade negotiations, and agreements with Singapore and Canada demonstrate that these Commonwealth countries value the benefits that come with trading with the European Union."