EU-Australia Free Trade Agreement Concluded: A New Era of Cooperation

European Commission President Ursula von der Leyen visited Australia 23-25 March to strengthen EU ties with a trusted, like-minded partner in the strategically vital Indo-Pacific region. The President visited Sydney and Canberra, including a meeting with Prime Minister Anthony Albanese in the Australian capital, a speech at the Australian Parliament as well as a keynote address at an event hosted by the European Australian Business Council. In her statement at a joint press conference with Australian Prime Minister Anthony Albanese on 24 March, President Ursula von der Leyen announced the conclusion of the EU-Australia Free Trade Agreement, praising its mutual benefits such as tariff-free exports for Australian goods and increased service opportunities. For the EU, this expands Europe's trade network, promises growth in exports, and saves significant tariffs. She emphasised the importance of collaborative resilience, particularly in trade, security, and critical raw materials. President von der Leyen also welcomed negotiations for Australia to join the Horizon Europe programme, enhancing research cooperation. The partnership reflects shared values in democracy, climate goals, and protecting future generations. Source: European Commission Photo: European Commission