THE AUSTRALIAN TRADE DEAL
WHAT DOES THE DEAL INVOLVE?
The fine details of the Free Trade Agreement (FTA) will be settled this autumn but the broad outline covers agricultural products – from meat to cheese – as well as wine, Scotch whisky, biscuits, cars and ceramics.
The quota for Australian beef allowed into the UK will rise from 35,000 tonnes to 110,000 tonnes a year and from 25,000 tonnes to 75,000 tonnes for sheep meat. Michael McCormack, the then-acting Australian Prime Minister, called these “big numbers”. Downing Street says there will be a cap on the level of tariff-free imports from Australia for 15 years, while safeguards will be brought in to protect British farmers.
WHAT’S THE CASE FOR A DEAL?
The trade deal
