Australia is a stable, democratic and culturally diverse nation with a highly skilled workforce and one of the strongest performing economies in the world.
The agreement is a gold standard trade deal that delivers benefits for all Australians – including manufacturers, workers, farmers, tradies, innovators, families, and students.
The Prime Minister and the Minister for Trade and Tourism have announced 31 May 2023 as the date the Australia-UK Free Trade Agreement will enter into force date, following the expected completion of UK domestic processes.
The Australian Government welcomes the announcement that Royal Assent has been given to legislation to bring the Australia-United Kingdom Free Trade Agreement into effect in the UK.
On 17 November 2022, the Australian Government Joint Standing Committee on Treaties (JSCOT) handed down its report on the Australia-United Kingdom Free Trade Agreement (A-UKFTA). The committee made two recommendations.
The Australian Government tabled the text of the Australia-United Kingdom Free Trade Agreement (A-UKFTA), the side-letters, and accompanying National Interest Analysis (NIA) in the Australian Parliament on 8 February 2022.
The Government has this morning announced the UK’s new MFN tariff regime, the UK Global Tariff (UKGT). This will replace the EU’s Common External Tariff on 1 January 2021 at the end of the Transition Period.
The UK and Australia will today (Wednesday 18 September) agree to begin trade negotiations as soon as possible after the UK leaves the EU on 31 October.
The trade relationship between Australia and the UK is built on a shared history, common values and strong personal links. It spans decades and impacts most economic sectors. And it underpins over A$815 billion in total two-way investment.
