Progress on Trade Agreement

Australia’s Trade Minister Don Farrell is optimistic about finalizing a stalled free trade agreement with the European Union after productive discussions with EU officials in Brussels. Negotiations, ongoing since 2018, have faced challenges, particularly regarding Australia’s demand for greater access to European beef markets, which EU negotiators have resisted. Despite some progress on minor issues, agriculture remains the central sticking point. Farrell expressed confidence that a mutually beneficial agreement could be reached, potentially finalizing negotiations by 2026.

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