France and Australia agree submarines won’t stop trade deal
The Hindu
The deal sunk a 90 billion Australian dollar ($66 billion) contract for French majority state-owned Naval Group to build 12 conventional diesel-electric submarines for Australia.
French and Australian officials said on September 20 that France’s anger over a cancelled submarine contract will not derail negotiations on an Australia-European Union free trade deal.
France withdrew its ambassadors to the United States and Australia after President Joe Biden revealed last week a new alliance including Australia and Britain that would deliver an Australian fleet of at least eight nuclear-powered submarines.
The deal sunk a 90 billion Australian dollar ($66 billion) contract for French majority state-owned Naval Group to build 12 conventional diesel-electric submarines for Australia. The money would have been spent over 35 years.
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