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Tue, 24 Mar 2026

Tue, 24 Mar 2026 More Australian beef headed for Europe under new EU trade deal

Australian producers have also won the right to sell Italian-style sparkling wine as prosecco.

* Australia has signed a free trade deal with the European Union, worth around $7bn, which will cut most export tariffs on Australian products.
* The deal will allow Australian beef to be served more widely in Europe, and Italian-style sparkling wine made in Australia can still be sold as "prosecco" domestically for 10 years.
* EU tariffs will be lifted on many Australian agricultural products, including wine, fruit and vegetables, olive oil, seafood, most dairy products, wheat and barley.
* Australian consumers will benefit from cheaper European imports, such as wine, spirits, biscuits, chocolates and pasta.
* The deal also includes a new security and defence partnership between Australia and the EU, which will see greater cooperation in areas such as defence industry, counter terrorism, space and maritime security.
* However, some critics have argued that the meat export provisions of the deal are not favorable to Australian farmers.