{"id":300254,"date":"2025-11-21T23:36:08","date_gmt":"2025-11-21T23:36:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/300254\/"},"modified":"2025-11-21T23:36:08","modified_gmt":"2025-11-21T23:36:08","slug":"european-cars-could-become-cheaper-in-eu-trade-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/300254\/","title":{"rendered":"European cars could become cheaper in EU trade deal"},"content":{"rendered":"<p class=\"paragraph_paragraph__iYReA\">Prime Minister Anthony Albanese has left the door open to scrapping the luxury car tax as Australia inches closer to finalising a long-awaited free trade deal with the European Union.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">In Johannesburg for this weekend\u2019s G20 leaders&#8217; summit, Mr Albanese held a trilateral meeting with senior European Union figures Ursula von der Leyen and Antonio Costa <a class=\"Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2\" href=\"https:\/\/www.abc.net.au\/news\/2025-11-20\/australia-europe-free-trade-agreement-optimistic-negotiations\/106034206\" data-component=\"Link\" rel=\"nofollow noopener\" target=\"_blank\">&#8220;to edge the deal a little closer&#8221; after seven years of negotiations<\/a>.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Earlier, Mr Albanese put negotiators on notice, telling reporters he wants the deal with the massive trading bloc finalised within months.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;What I&#8217;d like to see is it finalised in the first quarter of 2026. This would be very important,&#8221; he said at a doorstop in Freedom Park in Pretoria.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">His Trade Minister Don Farrell has been reluctant to stipulate a timeline but met with his EU counterpart in Melbourne last week to progress the deal.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Negotiations on a free trade deal started in 2018 and were briefly derailed by a diplomatic stoush on submarines before collapsing altogether in an Osaka hotel in 2023.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">However, the re-election of US President Donald Trump, and the global uncertainty caused by his tariffs has motivated both sides to return to the negotiating table.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">While the bulk of the agreement has been settled, the key sticking point, up to this point, has been the market access for Australian beef, mutton, lamb and sugar.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">In exchange for the EU removing some of its barriers to agricultural imports, Australia has previously hinted it would scrap, or lower, the $1 billion luxury car tax, a bugbear for European carmakers.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">When asked on Friday if that offer was still on the table, Mr Albanese said he would be discussing &#8220;a range of issues&#8221; with his EU counterparts.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;I think we&#8217;ve been quite successful at not ruling things in or out at press conferences, but engaging in a respectful way with our partners,&#8221; he said.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;I think that free and fair trade is very much in Australia&#8217;s national interests.&#8221;<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Signalling her desire to get this deal done sooner rather than later, Ms von der Leyen told the prime minister: &#8220;The last mile is always the hardest.&#8221;<\/p>\n<p>Quad hopes<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Ahead of a bilateral meeting with India&#8217;s Prime Minister Narendra Modi, Mr Albanese expressed his hope that the Quad leaders\u2019 summit would still take place next year, despite a deepening rift between India and the United States.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">India was supposed to host this year&#8217;s meeting but it has been postponed indefinitely after President Trump \u2014 who has shown little interest in the security partnership \u2014 signalled he would not be attending.<\/p>\n<p><img decoding=\"async\" alt=\"Man wearing suit shakes hands with a second man, standing in front of a wall with two different flags on it.\" class=\"Image_image__5tFYM ContentImage_image__DQ_cq\"  src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/11\/ac5d11e6af980c4e98d47c2bcd860a18\" loading=\"lazy\" data-component=\"Image\" data-lazy=\"true\"\/><\/p>\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">Anthony Albanese with India&#8217;s Prime Minister Narendra Modi. (Supplied)<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The Quad, which includes Australia, the US, India and Japan, was established to push back against China\u2019s military aggression in the Indo-Pacific region.\u00a0<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Mr Albanese said he was hopeful that the meeting would take place in India \u201cin the first quarter next year\u201d.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;Australia will always participate in it. I&#8217;ll be talking with the new Japanese Prime Minister as well over the next couple of days,&#8221; he said.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">The US President and his administration have boycotted this weekend&#8217;s G20 leaders&#8217; summit \u2014 the first to be held on African soil \u2014 over debunked claims the South African government is persecuting white farmers.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">Mr Albanese said he &#8220;encouraged all countries to participate before defending the importance of major multilateral forums like the G20.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;We engage in bilateral forums, but you need multilateral forums as well where you get that engagement across the board,&#8221; he said.<\/p>\n<p class=\"paragraph_paragraph__iYReA\">&#8220;And that is why the G20 is so important.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Minister Anthony Albanese has left the door open to scrapping the luxury car tax as Australia inches&hellip;\n","protected":false},"author":2,"featured_media":300255,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[43,44,41,39,42,40],"class_list":{"0":"post-300254","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/300254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=300254"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/300254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/300255"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=300254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=300254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=300254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}