Australia and EU Seal Landmark Trade and Security Agreements in Historic Canberra Visit
Canberra, Australia – March 24, 2026
Australia and the European Union have signed a landmark free trade agreement and deepened security cooperation in a move described as a “defining moment” in their relationship. The announcement came during a historic visit to Canberra by Ursula von der Leyen, who became the first woman to address a joint sitting of the Australian Parliament.
Speaking at a joint press conference, Anthony Albanese said the deal concludes eight years of negotiations and will strengthen ties with the world’s second-largest economy. The agreement is expected to contribute approximately $10 billion annually to Australia’s economy by reducing trade barriers and expanding market access across the European Union’s 450 million consumers.
The free trade agreement will eliminate tariffs on key Australian exports including wine, seafood, beef, and dairy, while improving access for European goods and services in Australia. European Commission President von der Leyen described the deal as a “win on both sides,” projecting strong growth in trade and investment flows over the coming decade.
In addition to the trade pact, both sides announced a new Australia–EU Security and Defence Partnership aimed at strengthening cooperation in areas such as cybersecurity, maritime security, counterterrorism, and defence industry collaboration. The agreement also reflects shared concerns over global instability and reaffirmed support for Ukraine amid Russia’s ongoing invasion.
Von der Leyen also raised concerns about escalating tensions in the Middle East, condemning threats to commercial shipping and stressing the importance of freedom of navigation under international law.
The two leaders further confirmed the start of negotiations for Australia to join Horizon Europe, the European Union’s flagship research initiative. If successful, the move would allow Australian institutions to access significant funding and collaborate more closely with global research partners.
Both leaders emphasised the importance of shared democratic values, economic resilience, and international cooperation in an increasingly uncertain global environment. Despite geographic distance, they highlighted strong alignment on issues ranging from climate action to supply chain security.
The agreements mark a significant step in strengthening ties between Australia and Europe, signalling a broader effort to build a more interconnected, stable, and rules-based global order.
Source: Australian Government PM/Media
