Wine producers celebrate Prosecco naming win, as EU trade deal to boost prospects for Aussie exporters

Australian wine exporters and domestic-focused wine producers are set to see changes through the conclusion of negotiations on the Australia–EU Free Trade Agreement (A–EU FTA) and a new Australia–European Union Wine Agreement. Through the A–EU FTA import tariffs on Australian wine exports to the EU will immediately reduce to zero on entry into force, improving the sector’s competitiveness in the markets. The A–EU FTA negotiations have also provided a resolution for Prosecco.