UK seals trade agreement with Australia
Lord Offord: another key milestone (pic: Terry Murden)
A trade agreement with Australia, the first created ‘from scratch’ since the UK left the EU, will set new global standards, according to the Department for International Trade.
The deal was ‘agreed in principle’ by the Prime Minister Boris Johnson and his Australian counterpart Scott Morrison in London in June, and negotiators have now finalised all chapters of the agreement.
The final deal was signed in a virtual ceremony by International Trade Secretary Anne-Marie Trevelyan on Thursday night, and will now be laid in Parliament for a period of scrutiny.
The deal is expected to unlock £10.4 billion of additional trade and eliminate tariffs on 100% of UK exports.