The Australia-EU trade deal runs deeper than tariffs

After nearly a decade of stop-start negotiations, Australia and the European Union have finally done it.

The signing of a free trade agreement (FTA) this week (alongside a new security partnership) marks one of the most consequential shifts in Australia’s international relationships in a generation. But to understand what this deal really means, you have to look well beyond the tariff schedules.

What's actually in the deal?

At its core, the Australia-EU FTA is designed to dismantle barriers to trade across a vast range of goods and services between Australia and a market of 450...