The Prime Minister is expected to sign a landmark new trade pact with the European Union today.

Anthony Albanese has been meeting European Commission President ­Ursula von der Leyen in Canberra to work through the finer detail - after eight years of negotiations.

Winemakers look set to win a major reprieve, with reports local exporters will be able to keep using the name "prosecco" when shipping to Europe.

• GUEST: Matt Canavan, Nationals leader and the Shadow Minister for Trade
• PRODUCER: Isadora Bogle