The EU and Australia have signed a landmark Free Trade Agreement (FTA) after eight years of negotiation, aiming to diversify trade away from China. The deal includes specific quotas for Australian meat and a ban on using European Geographical Indication (GI) names like 'prosecco', alongside a new defence partnership for closer military cooperation.
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- ›Date of Signing: March 24, 2026
- ›Red Meat Quota (EU to Australia): 30,600 metric tons
- ›Target this Data: 30,600 metric tons (red meat quota) and 10-year phase-out for 'prosecco'.
- ›Target this Nodal Body: European Commission (EU's executive arm) and Horizon Europe (EU's research funding program).
- ›Target this Legal Point: Geographical Indication (GI) protection within Free Trade Agreements.
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