Truss closes in on New Zealand trade deal telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
By Harry Holmes2021-05-27T14:34:00+01:00
Negotiations remain ongoing, but farmers fear a flood of imports
The Australian trade deal has provoked strong reactions across the board. Proponents of the deal argue it is the first step towards ‘Global Britain’. On the flip side, critics warn it could put British farmers out of business (though trade experts expect the reality to be less dramatic).
Yet all these predictions come with a caveat of uncertainty. Because we still know remarkably little about the agreement itself. While the UK has tabled an offer of zero-tariffs, zero-quotas, further details are scant and negotiations are ongoing.
UK to offer Australian farmers tariff-free access - but not until 2037
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London | Australian beef, lamb and sugarcane farmers face a potentially long wait to crack the UK market, with Britain reportedly looking for a 15-year phase-in period for agriculture in the nearly-completed free-trade deal.
Prime Minister Boris Johnsonâs spokesman did not deny local media reports on Friday that a 15-year security blanket would be thrown over British farmers, after senior ministers had earlier clashed over the free-trade agreement (FTA).
Prime Minister Boris Johnson is keen to see an early Australia-UK FTA.Â
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Britainâs offer is reportedly to scrap all quotas and tariffs for Australian agricultural exporters - a major departure from the highly restrictive EU regime - but not until 2037, assuming the FTA comes into force next year.
Despite farmers concerns, the UK will still provide Australia s tariff-free trade agreement justicenewsflash.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from justicenewsflash.com Daily Mail and Mail on Sunday newspapers.