What is the current status of EU-Australia trade negotiations?

The trade pact negotiations between the EU and Australia have entered their final phase, with discussions focused on resolving the last details.

What are the main sticking points in the EU-Australia trade deal?

Key sticking points include improving access to the EU market for Australian lamb and beef, and Australia's luxury car tax on European vehicles.

What are the expected benefits of the EU-Australia trade agreement?

The agreement is anticipated to boost EU exports to Australia by over 30 percent and add billions to Australia's annual trade, while securing critical raw materials for the EU.

Home / Business and Economy / EU-Australia Trade Talks Reach Final Stretch

EU-Australia Trade Talks Reach Final Stretch

24 Mar

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Summary

EU and Australia are in the final stages of trade pact negotiations.
Key sticking points include agricultural access and luxury car taxes.
The trade deal aims to boost EU exports and secure critical raw materials.

EU-Australia Trade Talks Reach Final Stretch

European Commission President Ursula von der Leyen has arrived in Australia for crucial trade discussions, signaling that a long-negotiated trade pact is entering its "last mile." The visit, including meetings with Governor-General Sam Mostyn and Prime Minister Anthony Albanese, underscores the mutual interest in establishing a new trade framework.

Negotiations are intensely focused on resolving final details, with agricultural access for Australian lamb and beef and the EU's concerns regarding Australia's luxury car tax representing significant hurdles. The European Union seeks greater access to Australia's critical raw materials, while Australia aims to boost exports and secure new trade partnerships.

This potential trade accord comes as both the EU and Australia navigate global energy vulnerabilities, heightened by the conflict in the Middle East. A deal could significantly increase EU exports to Australia and is expected to add billions to Australia's trade volume, potentially making the EU its second-largest trading partner.

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