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commerce
shāng yè
商业
·HSK 4

Australia
Àodàlìyà
澳大利亚
and / with
yǔ
与
European Union
Ōuméng
欧盟
after going through
lìjīng
历经
eight years
bā nián
八年
formally
zhèngshì
正式
to conclude
wánchéng
完成
free trade agreement
zìyóu màoyì xiédìng
自由贸易协定
negotiations
tánpàn
谈判
。

March 24, 2026
2026 nián 3 yuè 24 rì
2026年3月24日
，
Australia
Àodàlìyà
澳大利亚
and
yǔ
与
European Union
Ōuméng
欧盟
announced
xuānbù
宣布
the conclusion of
wánchéng
完成
spanning
lìshí
历时
eight years
bā nián
八年
structural particle
de
的
free trade agreement
zìyóu màoyì xiédìng
自由贸易协定
negotiations
tánpàn
谈判
，
agreement
xiédìng
协定
covering
hángài
涵盖
goods trade
huòwù màoyì
货物贸易
、
services sector
fúwùyè
服务业
and
jí
及
sustainable development
kě chíxù fāzhǎn
可持续发展
and so on
děng
等
multiple
duō gè
多个
areas
lǐngyù
领域
。
the agreement
xiédìng
协定
still needs to
réng xū
仍需
go through
jīng
经
both sides
shuāngfāng
双方
parliaments
yìhuì
议会
ratification
pīzhǔn
批准
before
hòu
后
can then
fāng kě
方可
take effect
shēngxiào
生效
。

March 24, 2026 at 6:00 PM

March 24, 2026
2026 nián 3 yuè 24 rì
2026年3月24日
，
Australia
Àodàlìyà
澳大利亚
Prime Minister
zǒnglǐ
总理
Albanese (Australian Prime Minister)
Āěrbānísi
阿尔巴尼斯
and
yǔ
与
European Commission
Ōuméng Wěiyuánhuì
欧盟委员会
President
zhǔxí
主席
von der Leyen (EU Commission President)
Féng Déláiēn
冯德莱恩
announced
xuānbù
宣布
，
both sides
shuāngfāng
双方
have
yǐ
已
concluded
wánchéng
完成
free trade agreement
zìyóu màoyì xiédìng
自由贸易协定
negotiations
tánpàn
谈判
。
this
cǐcì
此次
agreement
xiédìng
协定
structural particle
de
的
conclusion
dáchéng
达成
ended
jiéshù
结束
completion particle
le
了
lasting as long as
cháng dá
长达
eight years
bā nián
八年
structural particle
de
的
consultations
cuōshāng
磋商
process
jìnchéng
进程
，
was
bèi
被
both sides
shuāngfāng
双方
leaders
lǐngdǎorén
领导人
described as
chēngwéi
称为
“
a win-win agreement
shuāngyíng xiéyì
双赢协议
”。
the agreement
xiédìng
协定
covers
hángài
涵盖
goods trade
huòwù màoyì
货物贸易
、
services sector
fúwùyè
服务业
、
investment
tóuzī
投资
and
jí
及
sustainable development
kě chíxù fāzhǎn
可持续发展
and so on
děng
等
areas
lǐngyù
领域
，
expected to
yùjì
预计
will
jiāng
将
significantly
xiǎnzhù
显著
boost
tíshēng
提升
bilateral
shuāngbiān
双边
trade
màoyì
贸易
scale / volume
guīmó
规模
。
regarding
zài
在
agricultural products
nóngchǎnpǐn
农产品
in terms of
fāngmiàn
方面
，
the agreement
xiédìng
协定
will
jiāng
将
gradually
zhúbù
逐步
eliminate
qǔxiāo
取消
EU
Ōuméng
欧盟
on
duì
对
Australia
Àodàlìyà
澳大利亚
beef and lamb
niú yáng ròu
牛羊肉
and
jí
及
wheat
xiǎomài
小麦
structural particle
de
的
import tariffs
jìnkǒu guānshuì
进口关税
，
but
dàn
但
some
bùfen
部分
European
Ōuzhōu
欧洲
farming groups
nóngyè tuántǐ
农业团体
about this
duìcǐ
对此
expressed
biǎoshì
表示
concern
dānyōu
担忧
。
European Union
Ōuméng
欧盟
side
fāngmiàn
方面
stated
biǎoshì
表示
，
the agreement
xiédìng
协定
will
jiāng
将
deepen
shēnhuà
深化
both sides
shuāngfāng
双方
in
zài
在
green economy
lǜsè jīngjì
绿色经济
and
hé
和
digital trade
shùzì màoyì
数字贸易
areas
lǐngyù
领域
structural particle
de
的
cooperation
hézuò
合作
。
the agreement
xiédìng
协定
still needs to
shàng xū
尚须
go through
jīngguò
经过
both sides
shuāngfāng
双方
parliaments
yìhuì
议会
ratification
pīzhǔn
批准
before it can
fāng kě
方可
formally
zhèngshì
正式
take effect
shēngxiào
生效
，
expected to
yùjì
预计
require
xūyào
需要
several years
shù nián
数年
time
shíjiān
时间
。
analysts
fēnxī rénshì
分析人士
pointed out
zhǐchū
指出
，
this
cǐcì
此次
agreement
xiédìng
协定
helps to
yǒu zhùyú
有助于
consolidate
gǒnggù
巩固
Western
xīfāng
西方
democratic
mínzhǔ
民主
economies
jīngjìtǐ
经济体
among
zhījiān
之间
structural particle
de
的
strategic cooperative relationship
zhànlüè hézuò guānxi
战略合作关系
，
to hedge against
duìchōng
对冲
the global trade landscape
quánqiú màoyì géjú
全球贸易格局
profound changes
shēnkè biànhuà
深刻变化
brought about by
dài lái de
带来的
uncertainty
bù quèdìngxìng
不确定性
。

News in English

Business

Australia and EU Conclude Free Trade Agreement Negotiations After Eight Years

Australia and the EU announced on March 24, 2026 that they had concluded free trade agreement negotiations after eight years, covering goods trade, services, investment, and sustainable development. The agreement still requires parliamentary ratification by both parties before it can take effect.

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