Story perspectives

EU and Australia Near $10 Billion Trade Agreement Amid Energy Crisis

3/23/2026

Summary

Story summary

Ursula von der Leyen, the European Union (EU) Commission President, travels to Australia to finalize a long-awaited free trade agreement with Prime Minister Anthony Albanese.
The visit comes amid energy insecurity linked to the Middle East conflict.
The EU is Australia's third-largest trade partner, and the agreement could boost trade by A$10 billion in its first year.
Critics urge both sides to uphold international law and human rights in trade practices.

1 of 1

Story summary

Ursula von der Leyen, the European Union (EU) Commission President, travels to Australia to finalize a long-awaited free trade agreement with Prime Minister Anthony Albanese.
The visit comes amid energy insecurity linked to the Middle East conflict.
The EU is Australia's third-largest trade partner, and the agreement could boost trade by A$10 billion in its first year.
Critics urge both sides to uphold international law and human rights in trade practices.