UK and Australia ratify post-Brexit free trade agreement

UK and Australia ratify post-Brexit free trade agreement

This is the first real free trade agreement won by the United Kingdom since Brexit. London signed a trade agreement with Australia on Thursday, December 16, which will open the door to the Asia-Pacific region.

Agreement “Historical” The subject was approved during a virtual ceremonyA deal in principle in June Between British Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison. “Discussionists have now completed all the chapters”, Says a statement from the British Department for International Trade.

This is not London’s first renewal or adjustment of the existing agreement between the European Union (EU) and other countries.

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This will allow all British goods to enter Australia duty free. The text must be generated for consideration by Members of Parliament in Westminster 10. 10.4 billion extra trade excluding 100% tariffs (…) [leurs] Export ‘.

Trade between the two countries was 13. 13.9 billion in 2020, accounting for only 1% of total UK trade. But London hope the deal will be a game changer.

It establishes “New global standards in digital and services will create new jobs and travel opportunities for Britons and Australians”, Underlined by the British Government. The United Kingdom is proud of a sentence “Suitable for the UK Economy” Especially in areas of the country “A world leader like technology and digital”.

British professionals in the service sector, including architects, lawyers or researchers, have access to work visas in Australia: “This is more than Australia promised to any other country in a free trade agreement.”, Welcome by the Ministry of International Trade.

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Join the Trans-Pacific Trade Agreement

This compromise “Increases our chances of joining the Trans-Pacific Trade Treaty (CPTPP)”, Which brings together and carries the burden of eleven countries in the United States and Asia “, 8,400 billion in GDP”. Karan Bilimorian, President, CBI Employees’ Organization, welcomes the agreement “Complete and modern”, Who “New frontiers open for British companies”.

The United Kingdom already has agreements with the European Union, its largest trading partner, Japan, New Zealand, or even European countries that are not members of the European Union, Norway, Iceland and Liechtenstein.

The country held talks with India and began talks on a free trade agreement with the six Gulf Arab states in early October. It has not been able to secure any promises from Washington for the time being, and is seeking to strengthen trade ties with the United States.

Boris Johnson had called for the EU to leave the country, promising that the UK had more financial potential. “Global Britain”, Where “Planetary Britain”.

An agreement condemned by Greenpeace

For its part, the NGO Greenpeace condemned an agreement with the text “Not yet published” And who will “Not only one of the worst impacts of the climate, but one of the world’s major centers of deforestation.”. The agreement is contrary to the United Kingdom’s environmental goals of carbon neutrality by 2050, the NGO said.

During the negotiations between the two countries, the British agricultural sector was also concerned about competition from Australian products such as cheap beef and lamb through more industrial farming with more flexible health standards.

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To reassure breeders, London had indicated that the text would provide a limit on imports to British soil, especially through quotas, without customs duty for fifteen years. But the British government did not provide details about the agricultural component in its statement on Thursday.

London and Canberra have indicated that they would like to increase their cooperation on the security side, as evidenced by the partnership between the so-called Oaxaca and the United States, which caused the outrage in Paris by actually canceling the deal to buy French submarines. With 55 billion euros in Australia.

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The world with AFP

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