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Prosecco makers lose out as Australia seals EU free-trade deal after 8 long years of talks

  • Written by Hazel Moir, Honorary Associate Professor; economics of patents, geographical indications and other "IP"; trade treaties, Australian National University

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...

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