EU-Australia trade deal: 2027 target faces farmer protests as Mercosur begins

Tariffs will be removed on trading in nearly all Australian and EU goods as soon as the agreement enters into force, nine years after negotiations commenced in 2018

President of the European Commission Ursula von der Leyen in Australia: The EU will eliminate tariffs on 87.3% of Australian dairy products.

The first measures of the EU’s trade deal with Mercosur countries will be in place next month, but it could be well into 2027 before the EU’s trade deal with Australia enters into force.

The draft text of the deal with Australia will undergo legal checks and be translated into the 24 official languages of the EU. The European Commission will submit it to the European Council for approval by qualified majority.