The European Union and Australia have agreed on the final text of a free trade agreement two years after negotiations broke down over Australian demands for more red meat market access and complaints about Australian products labeled with traditionally European names such as prosecco.
European Commission President Ursula von der Leyen, left, and Australian Prime Minister Anthony Albanese shake hands after signing a joint statement during a ceremony at Parliament House in Canberra, Tuesday, March 24, 2026.
European Commission President Ursula von der Leyen, center left, and Australian Prime Minister Anthony Albanese shake hands after an agreedment on the final text of a free trade agreement at Parliament House in Canberra, Tuesday, March 24, 2026, as EU Commissioner for Trade and Economic Security Maros Sefcovic, left, and Australian Minister for Trade, Don Farrell, right, look on. – The European Union and Australia on Tuesday agreed on the final text of a free trade agreement, two years after negotiations broke down over Australian demands for more red meat market access and complaints about Australian products labeled with traditionally European names such as prosecco. European Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese signed the agreement at the Australian Parliament House after protracted negotiations that began in 2018.The breakthrough comes as both the EU and Australia seek to diversify their trading networks and reduce their economic reliance on China and exposure to uncertain U.S. tariffs. “Today marks a defining moment in the relationship between Australia and the European Union,” Albanese told reporters. “After eight years of negotiations, Australia and the European Union have signed a landmark trade deal,” he added. The leaders also announced a new defense partnership that will bring closer military cooperation and the start of negotiations toward Australia becoming an associate of the research and innovation funding program Horizon Europe. Under the trade deal, Australian producers of prosecco, traditionally a sparkling wine from northern Italy, will be banned from using the name on exports 10 years after the pact takes effect. The EU will open two tariff rate quotas of a total of 30,600 metric tons for Australian red meat, with 55% of that duty free.Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Former JEA chief of staff tells City Council committee employees are ‘scared for their job’JSO searching for 21-year-old man accused of fatally shooting 2-year-old at apartment complexHelp spread the word about AI scams targeting service membersFamily identifies 2-year-old boy killed during dispute at Westside apartment complexMechanical issue causes JTA bus to catch fire on Arlington ExpresswayAnother dry day in Northeast Florida. Here's a Monday weather update.Road-rage shootout leaves 1 dead, police searching for 2nd driverLoved ones mourn 'happy baby' after 2-year-old fatally shot during domestic disputeCuban immigrants in Jacksonville call for action as island faces widescale blackout1:37AI Can not spell Ortega. It is a beautiful river and great on a west wind day. EnjoyBlind Clay County fourth grader finds new world in Braille booksWalk the Talk: Epilepsy Alliance Florida hosts awareness walk at Jacksonville ZooLoved ones gather to remember Melissa Wood one week after she was killed in Walgreens parking lotLoved ones gather to remember Melissa Wood one week after she was killed in Walgreens parking lotGators, Hurricanes begin quest for national title; Bulldogs end season in first roundMan killed in Ponte Vedra double shooting remembered as ‘life of the party’Father says his daughter was detained at Blue Cypress Park teen takeoverInside new family-focused venue The Block Jax on city's SouthsideThe first day of spring is here! Michelle gives a look at the temperatures into the weekendIran internet blackout leaves Jacksonville families anxiously waiting for word from loved onesUnredacted arrest warrant reveals new details about double shooting in Ponte VedraDaughter of Ponte Vedra double shooting victim urges harsh punishment for accused killer1:10Residents say it doesn’t prevent accidents after deadly Atlantic Blvd. crashI need a drop top office! A spring fling then it feels like summer
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