Business & Economics

EU–Australia Free Trade & Security Accords Finalised After Eight-Year Negotiations

On 24 March 2026 in Canberra, European Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese signed a comprehensive free-trade agreement and a new security-and-defence partnership, formally ending nearly a decade of stop-start talks.

By Tomás Rydell

Focusing Facts

  1. The pact caps Australian beef exports to the EU at 30,600 t a year, with 55 % entering duty-free by 2036.
  2. Australia will scrap its 5 % tariff on EU imports and lift the electric-vehicle luxury-car tax threshold to A$120,000, exempting about 75 % of EU EVs.
  3. All tariffs on Australian critical minerals such as lithium and manganese headed to the EU are removed under a parallel raw-materials framework.

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Perspectives in this article

  • European mainstream and EU-aligned media
  • Australian farming lobby-aligned domestic outlets
  • U.S. and security-focused international media
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