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EU-Australia Trade Agreement

Towards an EU-Australia trade agreement

The European Union has launched negotiations for a comprehensive and ambitious trade agreement with Australia.

The EU is Australia's second-biggest trade partner. Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost €48bn in 2017. Bilateral trade in services added an additional €27bn.

According to an impact assessment, trade in goods and services between the two partners could increase by around a third.

The trade negotiations aim at :

  • Removing barriers and helping EU firms – especially smaller ones – to export more
  • Putting European companies exporting to or doing business in Australia on an equal footing with those from countries that have signed up to the Trans-Pacific Partnership  or other trade agreements with Australia
  • Ambitious provisions on trade and sustainable development, showing a shared commitment to labour rights and environmental protection (including climate change) in trade
  • Protecting distinctive regional EU food and drink products from imitations in Australia
  • Allowing EU companies to better participate in government procurement in Australia

The Council of the European Union authorised opening negotiations for a trade agreement between the EU and Australia on 22 May 2018.

About the agreement

Documents

Round reports, EU proposals and impact assessments

EU-Australia Trade in your town

More on Trade relations

Exporting from the EU, importing into the EU — all you need to know is on the Access2Markets portal

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