The Digester

Australia and the European Union will sign a long-awaited trade deal that temporarily protects the use of the name prosecco, expands market access, includes labour mobility and a nonbinding security partnership, and sets restrictive quotas for tariff-free red meat.

The agreement lets Australian winemakers use and export the name prosecco but exports under that name will be phased out over a 10-year period.
Australia would be the only country outside Italy to secure the right to use prosecco under the deal.
Tariffs will be cut across many goods to expand market access to the EU's 450 million consumers.
The EU is expected to allow about 30,000 tonnes of tariff-free Australian beef per year, well below industry targets.
The deal includes compromises over protected European product names such as parmesan and fetta, with some uses likely phased out for exports.
The pact is set to boost critical minerals trade and defence industry cooperation to reduce EU reliance on China.
New labour mobility measures will make it easier for Australians and Europeans to live and work across the two markets and a nonbinding security partnership will support joint defence projects.

EU trade deal lets Australia use the name prosecco but phases out exports in 10 years

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