Story perspectives

Australia's Trade Minister Pushes for EU Deal Amid Tensions

2/12/2026

Summary

Story summary

Australian Trade Minister Don Farrell travels to Brussels to finalize the EU–Australia Free Trade Agreement.
The deal would eliminate about 98% of tariffs, including a 5% tariff on European cars.
Beef quotas remain a sticking point at 40,000 tonnes for Australia and 30,000 for the EU.
Farrell warns he may withdraw if the agricultural offer does not improve.
The agreement is crucial for diversifying Australia’s trade partnerships amid global tensions.

1 of 1

Story summary

Australian Trade Minister Don Farrell travels to Brussels to finalize the EU–Australia Free Trade Agreement.
The deal would eliminate about 98% of tariffs, including a 5% tariff on European cars.
Beef quotas remain a sticking point at 40,000 tonnes for Australia and 30,000 for the EU.
Farrell warns he may withdraw if the agricultural offer does not improve.
The agreement is crucial for diversifying Australia’s trade partnerships amid global tensions.