Download the PDF version
Text Version
Duty free access for 97.8 per cent of the current value of exports into the EU from day one, 98 per cent after 7 years.
New opportunities for Australian exporters to sell to 450 million consumers in the EU's $30 trillion economy.
Seafood
Tariffs of up to 26% eliminated on entry into force (EIF) Includes removal of up to:
- 15% tariff on kingfish
- 12% tariff on prawns
- 11% tariff on abalone
Cereals and grain products
Wheat and meslin
Tariff of up to $166/t (€95/t) eliminated over 5 years
Barley
Tariff of $163/t (€93/t) eliminated over 5 years
Wheat gluten
20,000 tonnes of new duty-free access per annum
Sugar
New duty-free access of 35,000 tonnes per annum phased in over 3 years for sustainable raw cane sugar for refining, resulting in a total of 44,925 tonnes of duty-free access
New duty-free access of 4,000 tonnes for processed sugar products
Immediate elimination at EIF of the $172/t (€98/t) in-quota rate on Australia's existing WTO CSQ
Beef
Guaranteed access of 35,000 tonnes cwe, with new additional access of 30,600 tonnes cwe, per annum phased in over 10 years
Immediate elimination at EIF of the 20% in-quota rate for Australia's existing WTO 'Hilton' CSQ
Up to $578 million of new access per annum with total guaranteed access of up to $661 million
Sheep meat
New additional access of 25,000 tonnes cwe, per annum phased in over 7 years
Guaranteed access of 30,851 tonnes (including Australia's existing WTO sheep meat CSQ of 5,851 tonnes cwe)
Up to $218 million of new access per annum with total guaranteed access of up to $269 million
Honey
Tariff of 17.3% eliminated over 3 years
Olive oil
Tariff of $2,356/t (€1,346/t) eliminated over 3 years
Dairy
Tariffs eliminated on 87.3% of the EU's dairy tariff lines
Includes the elimination of tariffs on cheese, whole milk powder, dairy spreads and ice cream over 3 years
New duty-free access for 8,000 tonnes for skimmed milk powder, 5,000 tonnes for butter, and 2,000 tonnes for high protein whey per annum
Rice
Tariffs eliminated on husked (brown) rice, broken rice, and processed rice products over 3 years
New duty-free access for 8,500 tonnes of semi-milled/milled rice per annum within 5 years
Manufactured goods
Elimination of all tariffs, except steel, with the vast majority on EIF, including:
Machinery
Tariffs of up to 14% eliminated
Textiles
Tariffs of up to 12% eliminated
Auto parts
Tariffs of up to 4.5% eliminated
Wine
Tariff of up to $56 (€32) per 100L eliminated immediately on EIF
Tariff savings of up to $36.8 million per year
Horticulture
Onions
Tariff of 9.6% eliminated on EIF
Potatoes1
Tariff of 11.5% eliminated on EIF
Carrots
Tariff of 13.6% eliminated on EIF
Nuts
Tariffs of up to 5.6% eliminated on EIF including immediate removal of:
up to 5.6% tariff on almonds
up to 5.1% tariff on walnuts
2% tariff on macadamia nuts
Energy transition
EU tariffs eliminated on Australian critical minerals and hydrogen on EIF
EU tariffs eliminated on environmental goods, and better access for environmental services
Australia's raised foreign investment threshold will facilitate EU investment in Australia's energy transition
Cheaper zero-emissions vehicles through a new Luxury Car Tax category with a threshold of $120,000 for these vehicles
Framework of greater cooperation with the EU on resources and energy, including joint investments in critical minerals projects
Sustainable trade and labour
Ambitious commitments on the environment, climate change, gender equality, women's economic empowerment, and labour
Legally-binding commitment to implement the Paris Agreement on climate change
Enforceable obligations to implement international labour standards
No investor-state dispute settlement mechanism
Service suppliers and professionals
New opportunities in the EU for Australian service exporters including the following sectors: financial services, education, tourism and communications
Easier travel to and within the EU for Australian service suppliers and professionals
Streamlined processes for recognising Australian professional qualifications in the EU
Australian consumers
Cheaper products from the EU by eliminating tariffs on all goods except steel imported from the EU, including automotives, cosmetics, apparel, wine, spirits and food
Right to regulate. Australia maintains the right to regulate in pursuit of its own interest, including public health and safety, the environment, social and consumer protection, privacy and data protection and the promotion and protection of rights and interests of Australia's First Nations peoples
First Nations people
The rights and interests of Australia's First Nations people were reflected throughout the agreement
Australia has secured practical trade and investment outcomes for First Nations Australians, including in art, energy and resources, and agri-food systems
Artists, including First Nations artists, will have resale rights to receive royalties when their artworks are resold in the EU
Business and Investment
Better access to bid on lucrative EU government contract opportunities, worth almost $845 billion annually, including for rail and construction
Lowers costs for businesses that rely on inputs sourced from the EU. The FTA eliminates tariffs on all goods except steel imported from the EU, including machinery, components and ingredients
Lowers barriers to Australian investment in the EU and help attract more EU investment. The EU is already Australia's fourth-largest source of total investment, valued at $132.1 billion in 2024
Digital trade rules provide greater certainty, boost investor and consumer confidence and reduce business costs. New rules guarantee tariff free electronic transactions; protect proprietary information and source-codes; and prohibit unjustified data localisation
Education and Innovation
Expands opportunities for Australian education providers in the EU by making it easier to establish a commercial presence, provide cross- border education, and travel to the EU to deliver education services. Education exports to the EU were worth $995 million in 2024-25
Creates an Innovation Mobility Pathway. This pathway will help Australian researchers, engineers and technicians to travel, stay and move within the EU and offers better access for Australian institutions to world-leading European researchers and technical specialists
Footnote:
Where euros have been converted into Australian dollars, this has been done using the RBA average exchange rate for $A=EUR for the 2025 calendar year ($A = 0.5713 EUR).
1 Subject to future technical market access.