Offbeat Great Britain with Australia agree on trade

19:45  15 june  2021
19:45  15 june  2021 Source:   dw.com

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after leaving the EU is looking for new agreements new agreements. In the future, trade barriers should fall with Australia.

Provided by Deutsche Welle © Tim Hammond / Avalon / Photoshot / Picture Alliance Provided by Deutsche Wave

Great Britain and Australia have agreed on a free trade agreement. With the agreement, mutual tariffs and other trading hurdles are to be eliminated, as both states announced on Tuesday. In addition, cooperation in the security area, climate policy and science and technology are expanded. The British Prime Minister Boris Johnson spoke of a new beginning in the relations of both countries.

For Great Britain, it is the first to fundamentally newly negotiated trading contract since the EU farewell last year. In the future, the government in London wants to concentrate more on growth-strong regions. This includes the Pacific Room . The Agreement with Australia is therefore considered the first important step in London.

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The last stumbling blocks were cleared in the past few days from the two heads of government Scott Morrison and Johnson. They had negotiated with each other at the weekend after the Seven Leading Industrial Nations Summit (G7). Morrison was a guest there, his country does not belong to the G7.

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Great Britain is for Australia the eight-cost trading partners. Before the Kingdom of 1973 became part of the EU and thus the internal market, it was the most important trading partner for Australia.

Last year, trade between the United Kingdom and its former colony of Australia summed up to 13.9 billion pounds (around 16 billion euros). The British government is now on the fact that this volume continues to increase with the new agreement.

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Farmers Fear Meat Imports

Not all British are euphoric in view of the contract. So fear of farmers associations that duty-free meat imports from Australia could meet the British sheep and bovine breeders. The government, on the other hand, stressed that the deal for duty-free imports in the coming 15 years as well as quota regulations and other protective measures.

Britische Landwirte fürchten Fleischimporte aus Australien © Imago / View Angle British farmers Fear meat imports from Australia

Great Britain was officially leaked from the EU in January 2020; At the beginning of this year, the United Kingdom then completed the exit from the common internal market and the Customs Union. Therefore, London has to reboot numerous trade relations with other countries and close their own agreements.

as a big challenge is above all an deal with the US . The trade and cooperation agreements negotiated with the EU has been finally in force since the beginning of May. With other dozen countries, Britain has already decided commercial contracts since Brexit. However, these were always copies of existing EU contracts with these states.


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This is interesting!