Trade agreements

What are the next steps to finalise the Australia-European Union Free Trade Agreement.

The Australia-European Union Free Trade Agreement (A-EU FTA) will open new opportunities for Australians to export their world-class goods and services to the European Union (EU) market of around 450 million consumers. The EU is the world's second largest economy with a GDP of about $30 trillion.

A geographical indication (GI) is a term showing that a good comes from a specific place and has qualities or reputation essentially due to its origin. For example, Champagne for sparkling wine from the Champagne region of France.

Under the Australia-European Union Free Trade Agreement (A-EU FTA), Australia will protect 56 EU dairy geographical indications (GIs), including 53 cheeses, 2 butters, and 1 cream.

Phasing out is discontinuing the use of a term to describe a product over a period of time. Phasing out generally only applies to using terms that Australia has agreed to protect as geographical indications (GIs) in the Australia-European Union Free Trade Agreement (A-EU FTA).

Australia and the EU are likeminded partners, with high standards on labour rights and gender equality. The Australia-European Union Free Trade Agreement (A-EU FTA) includes a range of legally-binding commitments to help ensure that our trade and investment reflect these high standards.

The Australia-European Union Free Trade Agreement (A-EU FTA) delivers commercially significant outcomes for Australian manufacturers and other industrial goods producers. It will diversify and expand trade to the valuable high income EU market of around 450 million people.

The Australia-European Union Free Trade Agreement (A-EU FTA) will help small and medium-sized enterprises (SMEs) seize new market access opportunities arising from the agreement.

The Australia-European Union Free Trade Agreement (A-EU FTA) will create new opportunities for Australia's service suppliers in Australia's fourth-biggest market for services exports.

The Australia-European Union Free Trade Agreement (A-EU FTA) will give Australian professionals greater access to the professional services market in the EU, Australia's fourth-biggest market for services exports. It will also make it easier for Australian professionals to provide services across multiple EU Member States.