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UK:Australia Trade Deal

15 Jun 2021 3:22 PM | Sandra Sullivan (Administrator)

The UK has secured a trade deal with Australia eliminating tariffs on all UK goods.

The main elements of the deal were agreed on 14 June, with a final Agreement in Principle to be published shortly.

Scotland exported £126m of beverages to Australia in 2020 - this deal will help distillers by removing tariffs of up to 5% on Scotch Whisky.

British farmers will be protected by a cap on tariff-free imports for 15 years, using tariff rate quotas and other safeguards. 

It is hoped the deal will boost the UK's bid to join CPTPP, one of the largest free trade areas in the world, covering £9 trillion of GDP and 11 Pacific nations from Australia to Mexico.


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