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What Aus-UK trade deal means for exporters

Australia and UK Prime Ministers announce free trade agreement. Image: Boris Johnson Twitter
The proposed free trade agreement (FTA) between Australia and the UK, announced this week, is set to benefit consumers and exporters on both sides, albeit weighted in favour of the British. Tariffs will be removed on 99 per cent of Australian goods by value entering the UK, including Australian wine and short and medium grain milled rice, while there will be full liberalisation of UK goods entering Australia. While the deal is good news for many, it will be some time before Australian farmers ca