Cattle Council of Australia (CCA) has welcomed an in principle Australia-United Kingdom Free Trade Agreement (A-UK FTA) which was struck in London overnight.
Cattle Council President, Markus Rathsmann said the A-UK FTA would see trade between the two nations fully liberalised over the coming decade.
“Trade under this deal will be very different to how it was before the UK joined the EU,” Mr Rathsmann said.
“Under the FTA, exports to the UK will be driven by demand in the UK.
“Once ratified, Australia will have free trade deals with 27 countries, representing nearly a third of the world’s population.
“This deal will further diversify our export markets.
“Australia is a world leader in producing high-quality, healthy and sustainable beef.
“The UK has been a long-term trading partner with Australia and will now be able to enjoy more of our high-quality product.
“The UK and Australia have a long, shared history, both culturally and commercially.
“This partnership marks an enhanced and prosperous new relationship with the UK.
“It also signals a strong commitment by both Governments to delivering free trade.
“This will be important as both countries work through the finer details before the FTA is ratified.
“This deal is a credit to Trade Minister Dan Tehan and UK Secretary of State for International Trade Liz Truss.
“I thank them and their negotiating teams for their tireless work in achieving this landmark agreement.”
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