US EditionEU and Australia Agree on Text of Free Trade Pact and Announce a New Defense Partnership
The deal removes over 99% of tariffs on EU goods entering Australia and includes new defense and research cooperation, aiming to boost trade by $7.1 billion in the first year.
- In Canberra, the leaders signed after the European Union and Australia agreed on the final text of a free-trade agreement at a ceremony in Canberra.
- Following a collapse two years earlier, Australia and the European Union signed a trade deal after eight years of negotiations, which began in 2018.
- The deal opens two tariff-rate quotas totalling 30,600 metric tons for red meat, with 55% duty free, and Australia will remove a five per cent tariff on European Union imports.
- The leaders also announced a pact to boost research ties and start negotiations toward Australia becoming an associate of Horizon Europe, along with increased military cooperation including on cyber security and counter-terrorism.
- The agreement positions both sides to reduce reliance on China while securing the EU's supply of critical raw materials and lowering tariffs on critical minerals.
83 Articles
83 Articles
The EU provides cars, chemicals and investments in key raw materials.
After years of tough negotiations, the European Union and Australia have signed an agreement to counter Trump's customs nonsense.
The European Union and Australia signed a trade deal on Tuesday after years of negotiations that the European Commission said would remove almost all tariffs on European exports. Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese also announced the conclusion of a security and defense cooperation agreement in Canberra, the EU executive said.
saarbruecker-zeitung.de
US President Trump hides allies with tariffs, while the EU relies on free trade and closer ties between partners. She also wants to work significantly more with Australia.
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
