Who wins what in the EU's new trade deal with Australia?

""There's a lot more at stake in this day and age. It's no longer the time to sacrifice vital agreements to particular domestic interests.""

""We are sending a strong signal that we prefer low tariffs - or in this case, no tariffs - and that we want rules-based cooperation.""

The EU-Australia free trade deal has been finalized after nearly a decade of negotiations, overcoming previous obstacles such as Australian farmers' opposition to beef quotas. The changing global trade landscape, characterized by rising tariffs from the United States and China's strategic resource control, has created new pressures. This agreement provides both parties with relief and reassurance, emphasizing the importance of cooperation over domestic interests. The deal is part of a broader EU strategy to strengthen ties with middle powers and reduce dependence on the United States.

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