June 17, 2021
By way of a joint media release issued on 15 June by Prime Minister Scott Morrison and Minister for Trade, Tourism and Investment Dan Tehan, a summary of the positive commercial outcomes for Australia were summarised as below. The FTA is the right deal for Australia and the UK, with greater access to a range of high-quality products made in both countries as well as greater access for businesses and workers, all of which will drive economic growth and job creation in both countries. Australian producers and farmers will receive a significant boost by getting greater access to the UK market. Australian consumers will benefit from cheaper products, with all tariffs eliminated within five years, and tariffs on cars, whisky, and the UK’s other main exports eliminated immediately. The UK will liberalise Australian imports with 99% of Australian goods, including Australian wine and short and medium grain milled…