Talks between Australia and European Union on a Free Trade Agreement have broken down

Australian Trade Minister Don Farrell is out with some comments, saying that talks with the European Union on a Free Trade Agreement have broken down.

Additional comments:

Both parties failed to reach a compromise on a number of sticking points
Unfortunately, we have not been able to make progress
Negotiations will continue and I am hopeful that, one day, we will sign a deal that benefits both Australia and our European friends.