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Australia and EU on the Brink of a Free Trade Deal
The deal could boost Australia’s GDP by $7 billion, with negotiations focused on red meat market access as EU farmers seek protections, officials said.
- 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.
- Officials said recent contacts show momentum toward a mutually beneficial agreement, with Trade Minister Don Farrell calling Monday's virtual meeting with Maros Sefcovic 'productive'.
- Economic modelling projects a $7bn boost to Australia's real GDP, while von der Leyen called the deal vital for Europe's supply-chain resilience and partnership diversification.
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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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The European Union announces that it is at the point of concluding a trade agreement with Australia, following years of discussion on this subject.The European Commission President Ursula von der Leyen stated in a letter addressed to EU leaders that negotiations are at "the final stage", announced Bloomberg.
·Romania
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Coverage Details
Total News Sources15
Leaning Left2Leaning Right4Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
Factuality
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