Nearly eight years ago Australia and the European Union (EU) launched trade negotiations. Finally, today Australian Prime Minister Anthony Albanese and EU President Ursula von der Leyen signed an agreement in Canberra.
Von der Leyen said the deal would remove nearly all tariffs and add about A$8 billion to Australia’s economy a year. She told reporters:
It will become easier for Australia to export to the European Union based on high standards.
