Australian wine producers are advocating to the European Union (EU) to allow the use of the Prosecco grape variety name on Australian bottles, as the EU is considering a ban under the Australia-EU Free Trade Agreement. The Prosecco grape is valued at about $200 million annually in Australia, with the majority of production in Victoria's King Valley and Murray Valley. The Australian wine industry fears that the ban could set a precedent for other Italian grape varieties to be restricted, negatively impacting the industry and regional economies.