EU and Australia sign major trade deal after years of negotiation

The European Union and Australia have signed a landmark free trade agreement, concluding eight years of negotiations. The deal is valued at around $10 billion and covers areas like agriculture, with compromises reached on the use of certain product names, such as for cheese and wine.

The agreement was finalized by European Commission President Ursula von der Leyen and Australian officials. It is seen as a significant move to strengthen economic ties between the two regions during a period of global uncertainty and trade tensions.