UK-Australia trade deal, what beef and lamb imports are included

Published 2021년 6월 16일

Tridge summary

A new Australia-UK Free Trade Agreement has been reached, which is expected to significantly boost Australian beef and lamb exports to the UK. The deal will see the elimination of tariffs on these products after a certain period, with duty-free quotas allocated in the meantime. The agreement also covers the duty-free import of 99% of Australian goods, including wine and short and medium grain milled rice, and the gradual elimination of tariffs on sugar and dairy products. The trade deal could potentially impact Irish beef and lamb exports to the UK.

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

Original content

Australia will have significant opportunities to export beef and lamb products to the UK under the new trade deal agreed this week – which could have a significant impact on Irish beef and lamb exports to our nearest neighbours. According to the Australian Minister for Trade, Tourism and Investment Dan Tehan in a statement yesterday (Tuesday, June 15), prime ministers Scott Morrison and Boris Johnson have agreed on the broad outlines of an Australia-UK Free Trade Agreement. Under the deal, the Australian Department of International Trade notes that the UK will liberalise Australian imports with 99%of Australian goods, including Australian wine and short and medium grain milled rice, entering the UK duty free when the agreement enters into force, adding: Beef tariffs will be eliminated after 10 years. During the transition period, Australia will have immediate access to a duty-free quota of 35,000t, rising in equal instalments to 110,000t in year 10. “In the subsequent five years, ...

Source: UKAgriLand