Australia-EU Free Trade Deal Boosts Wine Exports
Adelaide News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Australia and the EU ink a major free trade deal, slashing tariffs on 98% of Aussie exports, including wine. This opens up the EUs $30 trillion economy, benefiting Aussie businesses. Wine producers celebrate zero tariffs on EU exports, potentially saving $14.5 million annually. However, Prosecco exports to the EU will end after a ten-year phase-out, protecting other Aussie grape names from similar restrictions. Despite this, the deal strengthens trade ties overall.
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