The trade agreement will result in 98% of the current value of Australia’s exports entering the European Union duty free.
It also eliminates tariffs on Australian critical minerals exports, providing opportunities for Queensland’s mining sector. With the state’s rich reserves of lithium, cobalt and rare earth elements, the deal positions Queensland as a key supplier to Europe’s renewable energy and electric vehicle industries.
Around 95% of agricultural exports are set to enter the EU duty free.
Once fully implemented, the agreement is set to enhance collaboration between Australia and the EU in science, investment, innovation and sustainable development—areas where Queensland has a strong track record of excellence.
The agreement also resolves long-standing disputes over the use of European geographical indications, ensuring Queensland producers can continue to market products like prosecco and parmesan under familiar names.
Trade and Investment Queensland (TIQ) is ready to support local businesses in leveraging the trade opportunities in Europe.
Is your business ready to unlock global markets? Learn more about your future export success through TIQ.
Whether you are an experienced exporter looking to expand your global footprint or a new exporter starting your journey, TIQ can help you scale your business internationally.