EU and Australia deepen strategic partnership through trade and security agreements

The European Commission and Australia have announced the adoption of a Security and Defence Partnership alongside the conclusion of negotiations for a free trade agreement.

They have also agreed to launch formal negotiations for Australia’s association with Horizon Europe, the European Union’s research and innovation funding programme.

The Security and Defence Partnership establishes a framework for cooperation on shared strategic priorities. It includes coordination on crisis management, maritime security, cybersecurity, and countering hybrid threats and foreign information manipulation.

A partnership that also includes cooperation on emerging and disruptive technologies, including AI, as well as space security, non-proliferation, and disarmament.

The free trade agreement provides for the removal of over 99% of tariffs on the EU goods exports to Australia and expands access to services, government procurement, and investment opportunities.

It includes provisions on data flows that prohibit data localisation requirements and supports supply chain resilience through improved access to critical raw materials.

The EU exports are expected to increase by up to 33% over the next decade.

The agreement incorporates commitments on trade and sustainable development, including labour rights, environmental standards, and climate obligations aligned with the Paris Agreement.

The negotiated texts will undergo the EU internal procedures before submission to the Council for signature and conclusion, followed by European Parliament consent and ratification by Australia before entry into force.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!