{"id":559943,"date":"2026-03-23T23:35:12","date_gmt":"2026-03-23T23:35:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/559943\/"},"modified":"2026-03-23T23:35:12","modified_gmt":"2026-03-23T23:35:12","slug":"cheaper-luxury-cars-bigger-beef-quotas-prosecco-compromise","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/559943\/","title":{"rendered":"Cheaper luxury cars, bigger beef quotas, prosecco compromise"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Australia\u2019s red meat exports to Europe could increase tenfold under a free trade agreement expected to be signed imminently, while local winemakers will get to keep the \u201cprosecco\u201d label and some luxury cars will become cheaper.<\/p>\n<p class=\"wp-block-paragraph\">But local producers will need to phase out their use of the \u201cprosecco\u201d name for foreign exports over the next 10 years as a concession to <a href=\"https:\/\/www.smartcompany.com.au\/agribusiness\/aussie-prosecco-winemakers-fight-eu-restrict-grapes-variety\/\" type=\"link\" id=\"https:\/\/www.smartcompany.com.au\/agribusiness\/aussie-prosecco-winemakers-fight-eu-restrict-grapes-variety\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">European negotiators who want to protect their powerful wine industry<\/a>.<\/p>\n<p>\n\t\t\tRelated Article Block Placeholder<\/p>\n<p>\t\t\t\tArticle ID: 292864\n\t\t<\/p>\n<p>\t\t\t\t\t\t\t<a href=\"https:\/\/www.smartcompany.com.au\/finance\/china-removed-tariffs-australian-wine-market-challenges\/\" class=\"\" target=\"_self\" title=\"\" rel=\"nofollow noopener\"><br \/>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"145\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/20240117001890025019-original-1.jpg\" class=\"aspect-video object-cover h-auto w-auto\" alt=\"China may have removed tariffs on Australian wine but its market is no longer the same\"  \/>\t\t\t<\/a><\/p>\n<p class=\"wp-block-paragraph\">Prime Minister Anthony Albanese will meet European Commission President Ursula von der Leyen on Tuesday, with the pair planning to sign a long-awaited free trade deal aimed at countering <a href=\"https:\/\/www.smartcompany.com.au\/economy\/trumps-tariffs-prompt-imf-to-cut-australias-growth-projection-to-1-6\/\" type=\"link\" id=\"https:\/\/www.smartcompany.com.au\/economy\/trumps-tariffs-prompt-imf-to-cut-australias-growth-projection-to-1-6\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">global chaos caused by US tariffs<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">Australian farmers have been pushing to sell more red meat into Europe. Under a proposal to be discussed by the two leaders, they would be allowed to send between 30,000 and 35,000 tonnes of beef, around a 1000% increase on the current quota, sources close to the negotiations told AAP.<\/p>\n<p class=\"wp-block-paragraph\">Further discussions are focusing on ways to expand market access for all Australian agriculture products.<\/p>\n<p>\tSmarter business news. Straight to your inbox.<\/p>\n<p>\n                            For startup founders, small businesses and leaders. Build sharper instincts and better strategy by learning from Australia\u2019s smartest business minds. Sign up for free.                        <\/p>\n<p>By continuing, you agree to our <a href=\"https:\/\/www.smartcompany.com.au\/terms-conditions\/\" target=\"_blank\" rel=\"noopener nofollow\">Terms &amp; Conditions<\/a> and <a href=\"https:\/\/www.smartcompany.com.au\/privacy-policy\/\" target=\"_blank\" rel=\"noopener nofollow\">Privacy Policy<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">The Australian side has also agreed to scrap a 5% tariff on imported cars from Europe but won\u2019t abolish the luxury car tax as had previously been speculated, one source said.<\/p>\n<p class=\"wp-block-paragraph\">The deal has fallen over repeatedly in the last eight years, partly because of <a href=\"https:\/\/www.smartcompany.com.au\/finance\/eu-attempt-restrict-wine-cheese-varieties-threatens-trade-deal\/\" type=\"link\" id=\"https:\/\/www.smartcompany.com.au\/finance\/eu-attempt-restrict-wine-cheese-varieties-threatens-trade-deal\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">long-running disputes<\/a> over Australian producers\u2019 rights to use product names like prosecco, feta cheese and parmesan.<\/p>\n<p class=\"wp-block-paragraph\">Disagreements over all three products are now believed to be resolved, although the exact details of the agreement on feta and parmesan are not yet known.<\/p>\n<p>\n\t\t\tRelated Article Block Placeholder<\/p>\n<p>\t\t\t\tArticle ID: 263809\n\t\t<\/p>\n<p>\t\t\t\t\t\t\t<a href=\"https:\/\/www.smartcompany.com.au\/agribusiness\/aussie-prosecco-winemakers-fight-eu-restrict-grapes-variety\/\" class=\"\" target=\"_self\" title=\"\" rel=\"nofollow noopener\"><br \/>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"145\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/aleisha-kalina-g2CxnReRmKM-unsplash-1.jpg\" class=\"aspect-video object-cover h-auto w-auto\" alt=\"#SaveAussieProsecco gains steam as winemakers fight EU\u2019s attempt to restrict the grape\u2019s variety\"  \/>\t\t\t<\/a><\/p>\n<p class=\"wp-block-paragraph\">Farming groups have been pushing for a minimum quota of at least 50,000 tonnes a year for red meat exports.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWith everything going on globally, there couldn\u2019t be worse timing to lock in an agreement that sells Australian agriculture short,\u201d National Farmers Federation (NFF) president Hamish McIntyre told AAP.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe NFF is concerned the EU will offer sub-par access for Australian producers while also deploying more billion-dollar subsidies to their producers \u2013 a double blow for Australian farmers.\u201d<\/p>\n<p class=\"wp-block-paragraph\">No deal would be \u201cbetter than a bad deal\u201d, the federation has declared.<\/p>\n<p lang=\"en\" dir=\"ltr\">As our prime minister prepares to host European Commission President Ursula von der Leyen in Canberra next week, farmers across the nation are watching closely. This is the closest we\u2019ve ever been to getting an EU Free Trade Agreement deal done. But the NFF has warned there is a\u2026 <a href=\"https:\/\/t.co\/4yCEqIEGws\" rel=\"nofollow\">pic.twitter.com\/4yCEqIEGws<\/a><\/p>\n<p>\u2014 National Farmers&#8217; Federation (@NationalFarmers) <a href=\"https:\/\/twitter.com\/NationalFarmers\/status\/2034813432680096183?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">March 20, 2026<\/a><\/p>\n<p class=\"wp-block-paragraph\">Trade Minister Don Farrell held talks with his counterpart Maros Sefcovic on Monday but final details of the deal will need to be negotiated by Albanese and von der Leyen on Tuesday.<\/p>\n<p class=\"wp-block-paragraph\">Former Australian trade official Prudence Gordon said the current quotas were prohibitive and not commercially meaningful for farmers.<\/p>\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s not really worthwhile for most exporters of beef and lamb meat and other products like rice and sugar and dairy products to enter that market because the quotas are so tiny, but also the tariffs are really high,\u201d Dr Gordon told AAP.<\/p>\n<p class=\"wp-block-paragraph\">Von der Leyen will become the first female foreign leader to address the federal parliament on Tuesday.<\/p>\n<p class=\"wp-block-paragraph\">This article was first published by <a href=\"https:\/\/newsroom.aap.com.au\/\" type=\"link\" id=\"https:\/\/newsroom.aap.com.au\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">AAP<\/a>.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Australia\u2019s red meat exports to Europe could increase tenfold under a free trade agreement expected to be signed&hellip;\n","protected":false},"author":2,"featured_media":559944,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,211993,276329,38547,44,276330,16522],"class_list":["post-559943","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-beef-production","tag-eu-trade-deal","tag-export-market","tag-news","tag-prosecco-wine","tag-trade-deal"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/559943","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=559943"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/559943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/559944"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=559943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=559943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=559943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}