UK-Australia trade deal: Tariffs on strawberries and pears will be eliminated over four years

Published 2023년 6월 12일

Tridge summary

The UK-Australia trade deal, which has recently come into effect, is not leading to the immediate removal of tariffs on Australian agricultural products in the UK. In fact, the UK is maintaining its product-specific safeguards and quotas, with tariffs on certain fruits and vegetables set to be phased out over four to eight years. This includes items such as strawberries, pears, bananas, apples, grapes, and various vegetables. This measure is designed to shield UK farmers from Australian competition, but it also means that UK consumers will likely not see the benefits of lower prices from this trade deal for several years.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As the UK-Australia trade deal is now in force, not everyone seems to be totally informed. Unlike Australia, the UK is retaining its tariffs, quotas, and product-specific safeguards on Australian agricultural products for many years. Regarding fruit and vegetable products, tariffs on strawberries and pears will be eliminated over four years, while bananas, apples, and grapes will take eight years. Tariffs on vegetables, including broccoli, cauliflower, cabbages, cucumber, beans, asparagus, aubergines, celery, courgettes, sweetcorn, fennel, squash, pumpkin, peppers, mushrooms, tomatoes, even truffles, will take four years to be removed. To put this in context, the UK imported almost three million tons of vegetables last year and 3.6 million tons of fruit. These trade restrictions are mentioned to dispel the myth that the trade deal is bad ...

Source: Hortidaily