The European Union and Australia have finalized a long-awaited trade agreement, aiming to boost economic ties and reduce reliance on major global powers amid rising geopolitical and energy uncertainties.

Key issues including agricultural exports and geographic product standards were resolved, paving the way for expanded trade, with EU exports to Australia projected to grow significantly over the next decade.

The deal also strengthens cooperation in defense and critical resources, as both sides move to secure supply chains and deepen strategic alignment beyond traditional partners.