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Australia wants higher EU beef supply to revive commerce deal, says minister
The Tycoon Herald > Economy > Australia wants higher EU beef supply to revive commerce deal, says minister
Economy

Australia wants higher EU beef supply to revive commerce deal, says minister

Tycoon Herald
By Tycoon Herald 5 Min Read Published June 5, 2025
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Brussels might want to make a “better offer” to Australia’s beef and sheep farmers if it needs to shut out a commerce take care of Canberra, the nation’s commerce minister has warned.

Don Farrell advised the Monetary Occasions that regardless of improved diplomatic mood-music in Brussels across the prospects for a deal, it might should be backed by concessions on agricultural entry from Europe. 

“We want a better offer than what we’ve had so far. And I know that’s hard for the Europeans. But, you know, we have rejected their two previous offers. We want to see a bit of goodwill, and that means getting a better offer,” he stated.

Talks between the 2 sides broke down in October 2023 in spectacular trend after Farrell walked away from what the EU Fee believed had been to be ultimate talks in Osaka, Japan.

Each side have talked up the probabilities of putting a contemporary settlement after the Labor get together authorities of Anthony Albanese was re-elected in early Might. Reopening talks over a commerce take care of the EU was one of many priorities highlighted by Labor throughout the election marketing campaign in response to US tariffs on Australian imports, together with metal and aluminium.

Farrell was talking after a gathering with the EU’s commerce commissioner on the sidelines of the OECD convention in Paris, describing Maroš Šefčovič warmly as “a gregarious sort of fellow” with whom he might do enterprise.

Šefčovič additionally struck an upbeat tone with reporters after the assembly, saying that Brussels believed “we can achieve substantial progress this year”.

A staff of Australian negotiators went on from Paris to Brussels on Wednesday night time to proceed technical talks.

Nonetheless, whereas acknowledging that the “world had changed” for international commerce since Donald Trump had returned to the White Home, Farrell stated that the problems round agricultural market entry remained unresolved.

“Europeans say, ‘look, you know, our farmers don’t like us giving access to Australian beef and lamb producers’. But our farmers say, ‘well, hang on a moment, we have to have greater access and the EU has given generous benefits to other countries. And we want greater access’,” he stated.

Beforehand the EU had provided an annual beef quota of 24,000 tonnes, however Australia wished about 40,000 tonnes, plus way more sheep meat. Australia presently has a assured quota of three,389 tonnes of beef that it will possibly export to Europe yearly, on which it pays a tariff of 20 per cent.

Different delicate factors are an EU demand that Australian producers cease utilizing EU-protected names for meals merchandise, reminiscent of feta and prosecco. Australian negotiators have advised a compromise to obviously mark such items as being made in Australia.

Really helpful

Albanese, talking in Rome final month when he met European Fee president Ursula von der Leyen, stated the EU must be “proud” that European migrants had travelled to Australia and achieved success with such heritage objects. “The idea that you still produce feta, but you call it something else, it doesn’t change what it is,” he stated.

Brussels additionally needs to make sure its corporations won’t pay extra for uncooked supplies than home patrons in Australia. 

Farrell stated there was renewed goodwill however {that a} deal would solely be reached via compromise on each side, which he indicated was nonetheless a way off. 

“We have made substantial progress on lots of the issues. But the really, really difficult issues are still outstanding. I don’t want to give you the impression that, you know, they have in any way been resolved, because they haven’t,” he stated.

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