European Union and Australia narrow gaps in long-standing trade talks

EU and Australian officials made progress Friday on resolving trade disputes stalled since 2023. Leaders will now review the narrowed gaps in the negotiations.

Insights:
The European Union EUEU and Australia AUAU reported progress today in narrowing gaps on a small number of outstanding matters in their stalled negotiations over a proposed sweeping free trade agreement. Following the latest round of talks, the negotiating principals, Maros Sefcovic and Don Farrell, will report back to their respective leaders on the current status of the discussions. This development is significant as the negotiations had been put on hold since 2023 and are currently described as being under discussion.
European Commissioner for Trade and Economic Security Maros Sefcovic arrives on Downing Street ahead of the UK-EU economy and trade meeting in London, Britain, February 2, 2026. REUTERS/Corey Rudy
European Commissioner for Trade and Economic Security Maros Sefcovic arrives on Downing Street ahead of the UK-EU economy and trade meeting in London, Britain, February 2, 2026. REUTERS/Corey Rudy
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