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EU-Australia free trade deal collapses

Australia European Union Murray Watt Europe

A farmer in Australia herds cattle near the outback Queensland town of Aramac, west of Brisbane. Australian farmers have welcomed the collapse of the EU/Australia free trade deal, saying the terms were not in their favour. © David Gray/Reuters

Australia walked away from the latest round of negotiations for a free trade deal with the European Union saying it was unable to secure enough for its farm exports. Ministers said it could take years for a deal to be reached.

After the latest negotiations on the sidelines of a Group of Seven trade ministers' meeting in the Japanese city of Osaka at the weekend, Australia rejected European Union proposals

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