Australia is closer than ever to striking a long-awaited free-trade pact with the European Union after Donald Trump's tariff wars brought a fresh focus to years of stop-start negotiations.
Trade Minister Don Farrell is confident the stalled deal is close to being secured after constructive discussions with EU commissioners.
"We're closer than we have been in 25 years to getting a free-trade agreement with the Europeans," Senator Farrell told Sky News on Sunday.
"Unfortunately, I can't say that we have an agreement yet, but we have significantly reduced the issues between us."
The two-day negotiations took place in Brussels before Senator Farrell arrived back in Australia on Saturday night.
What would the deal mean for Australians?
A free-trade deal would give Australian exporters greater access to global markets of more than 450 million people, while also removing tariffs on European imports and offering a potential billion-dollar boost to the economy.
It would end tariffs on products like European cars in Australia, likely bringing more competitive prices.
Negotiations over a proposed free-trade agreement have previously ended without a deal over sticking points that include greater access to European markets for Australian beef and sheep.
Australia initially pushed for more than 30,000 tonnes of beef, while Europe tried to whittle down the quota to protect domestic farmers who oppose greater competition from imports.
In turn, EU officials have pushed to end Australian producers using terms like prosecco and feta for products that aren't sourced from specific European regions.
Despite Farrell's bullish tone, he admitted that negotiators were still at an impasse over certain import restrictions.
"That was an issue that continued to be discussed extensively on Friday, so we haven't resolved those yet," Farrell said.
The deal could be struck within weeks, Farrell said, pulling Australia and the EU closer together as United States President Donald Trump upends global trade with unilateral tariffs.
The news comes months after EU trade commissioner Maros Sefcovic travelled to Australia, where he revealed the final stages of negotiations could be finalised in 2026.
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