Australia and the European Union Free Trade Agreement

Australia and the European Union (EU) have announced the conclusion of negotiations for a Free Trade Agreement (FTA).

Australia and the European Union first launched negotiations for an FTA on 18 June 2018. Negotiations concluded on 24 March 2026, as announced by Prime Minister the Hon Anthony Albanese MP and European Commission President Ursula von der Leyen.

This comprehensive, balanced and commercially meaningful agreement is expected to deliver economy-wide benefits to Australia, including significant new opportunities for Australian exporters, producers and skilled professionals.

The EU is a major, high-income market of around 450 million people. As an important global trading bloc, it is Australia’s third largest two-way trading partner and second largest source of total foreign investment.

The agreement is important both economically and strategically for Australia and the EU and is expected to provide new opportunities in a highly significant market for Australian goods and services.

It is expected to support the elimination of EU tariffs on Australian goods and provide Australian exporters with more choices about where they do business. Australian consumers and companies also stand to benefit from a wider choice of more affordable products, with tariffs expected to be eliminated on EU-originating products and commodities.

The FTA will further strengthen the economic and strategic partnership between Australia and the EU. It builds on longstanding ties between the two economies and reflects a shared commitment to open and transparent rules-based trade.

Further details on the outcomes and benefits of the Australia-EU FTA.

We will continue to monitor developments and share relevant updates as they emerge.

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