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Australia and EU Near Free Trade Deal with Meat Access Outstanding

The deal could boost Australia's GDP by up to $7 billion, with market access for beef and sheep products as the last major hurdle to finalizing a decade-long negotiation.

  • After nearly a decade of talks, Australia and the European Union are close to a free trade agreement, with market access for Australian red meat unresolved and set for negotiation between Ursula von der Leyen, European Commission President, and Prime Minister Anthony Albanese.
  • Negotiations resumed last month after Farrell traveled to Brussels, helped by US tariffs and disruptions from the Trump administration, ending a 2023 impasse.
  • Australian farmers have urged the federal government not to accept a deal without beneficial market access, amid $109.7bn two‑way trade and 450 million consumers in the EU market, which comprises a $31 trillion GDP.
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Center

EU President Ursula von der Leyen appears to be signing the trade agreement with Australia next week.

Right

After the Mercosur agreement and the agreement with India, this one may also be close to being signed.

·Budapest, Hungary
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Lean Right

EU Commission President Ursula von der Leyen is scheduled to travel to Australia in just a few days to conclude an agreement. However, some issues are still open.

·Düsseldorf, Germany
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Bloomberg broke the news in United States on Monday, March 16, 2026.
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