eral ▁and ▁agricult ural ▁goods , ▁while ▁ 3 7 % ▁of ▁trade ▁is ▁in ▁commercial ▁services , ▁especially ▁transport ation ▁and ▁travel . ▁EU ▁corpor ations ▁have ▁a ▁strong ▁presence ▁in ▁Australia ▁( appro xim ately ▁ 2 3 6 0 ) ▁with ▁an ▁estimated ▁turn over ▁of ▁€ 2 0 0 ▁b n ▁( just ▁over ▁ 1 4 % ▁of ▁total ▁sales ▁in ▁Australia ). ▁These ▁companies ▁directly ▁created ▁ 5 0 0 , 0 0 0 ▁jobs ▁ ▁in ▁Australia . ▁ ▁The ▁EU ▁is ▁Australia ' s ▁second ▁largest ▁destination ▁of ▁over se as ▁invest ment ▁and ▁the ▁EU ▁is ▁by ▁far ▁Australia ' s ▁largest ▁source ▁of ▁foreign ▁invest ment ▁€ 2 . 8 ▁billion ▁in ▁ 2 0 0 9 ▁( € 1 1 . 6 ▁billion ▁in ▁ 2 0 0 8 ). ▁Trade ▁was ▁growing ▁but ▁e bb ed ▁in ▁ 2 0 0 9 ▁due ▁to ▁the ▁global ▁financial ▁crisis . ▁In ▁August ▁ 2 0 1 9 , ▁Australian ▁Senator ▁Simon ▁B irmingham , ▁released ▁a ▁list ▁of ▁names ▁that ▁the ▁EU ▁wants ▁to ▁protect ▁as ▁a ▁part ▁of ▁its ▁new ▁trade ▁deal . ▁The ▁list ▁of ▁proposed ▁names ▁included ▁be ers , ▁spirits ▁and ▁che ese ▁and ▁me ats , ▁which ▁as ▁per ▁EU ▁is ▁aim ed ▁at ▁protect ing ▁the ▁identity ▁of ▁European ▁products ▁from ▁non - Europe an ▁products . ▁This ▁concept ▁of ▁seg reg ation ▁is ▁known ▁as ▁“ ge ographical ▁indic ations ” ▁or ▁G is ,