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Albanese Pushes EU Trade Deal, Promises A$7.8B GDP Boost

By Drooid · Oct 19, 2026, 12:05 PM UTC · How we work

Summary

Story summary

Prime Minister Anthony Albanese and Trade Minister Don Farrell are pushing the EU free-trade deal despite opposition.
The pact grants duty-free entry for 97.8% of Australian goods exported to the EU.
Australia estimates the agreement could raise real GDP by up to A$7.8 billion by 2030.
National Party leader Matt Canavan says the pact is worse than earlier offers Australia could have secured.

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Story summary

Prime Minister Anthony Albanese and Trade Minister Don Farrell are pushing the EU free-trade deal despite opposition.
The pact grants duty-free entry for 97.8% of Australian goods exported to the EU.
Australia estimates the agreement could raise real GDP by up to A$7.8 billion by 2030.
National Party leader Matt Canavan says the pact is worse than earlier offers Australia could have secured.