Australian Prime Minister Anthony Albanese and European Commission head Ursula von der Leyen have unveiled the details of a new trade deal today.

This deal has been eight years in the making, and almost all EU tariffs will be lifted on Australian agricultural products such as wine, fruit and vegetables, olive oil, seafood, most dairy products and wheat and barley.

Australians will also now have access to cheaper European wine, spirits, biscuits, chocolates and pasta.

Australian correspondent Murray Olds says this deal is worth about A$10bn and will benefit both nations. 

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Australian Prime Minister Anthony Albanese and European Commission head Ursula von der Leyen have unveiled the details of a new trade deal today.
This deal has been eight years in the making, and almost all EU tariffs will be lifted on Australian agricultural products such as wine, fruit and vegetables, olive oil, seafood, most dairy products and wheat and barley.
Australians will also now have access to cheaper European wine, spirits, biscuits, chocolates and pasta.
Australian correspondent Murray Olds says this deal is worth about A$10bn and will benefit both nations.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Murray Olds: Australian correspondent on Australia establishing a new trade deal with the EU

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