European Commission President Ursula von der Leyen will fly to Australia later this month in a bid to seal a long-delayed trade agreement, sources familiar with the matter told Euronews.

Concluding the deal would mark another trade win for the Commission, following recent deals with Latin America’s Mercosur bloc and India, as geopolitical tensions intensify with the US and China.

One source said von der Leyen could head to Canberra shortly after the Munich Security Conference concludes on 15 February.

Whether the trip goes ahead will depend on progress in negotiations led by EU Trade Commissioner Maroš Šefčovič, who is due to meet Australian Trade Minister Don Farrell in Brussels next week.

“As always, progress in the sensitive phase of negotiations will depend on substance,” Commission deputy chief spokesperson Olof Gill told Euronews.

Talks on an EU-Australia free-trade agreement collapsed in 2023 after Canberra accused Brussels of failing to offer sufficient market access for beef, sheep, dairy and sugar.

Agriculture remains a perennial flashpoint in EU trade negotiations. The Mercosur agreement has already met furious opposition from European farmers, who fear unfair competition from increased imports coming from Latin America.

Australia, however, is viewed in Brussels as a strategic and like-minded partner as the EU seeks to diversify its trade relationships, expand access to global markets and reduce exposure to a closing US market and China’s increasingly aggressive trade policy.