Sheep Producers Australia welcomes today’s announcement that Australia and the United Kingdom have formally agreed to immediate tariff-free quotas on a number of Australian exports, with plans to remove the taxes entirely in a decade. The Australia-UK FTA will deliver benefits and opportunities for many Australian producers. For sheep meat this means Australia will have immediate access to a tariff-free quota of 25,000 tonnes rising to 75,000 tonnes in year 10, with tariffs eliminated after ten years.
“Through the agreement Australia is well placed to leverage counter-seasonal supply to the northern hemisphere. Substantial transition quotas will allow improved access for Australian producers to provide high-quality Australian lamb to meet British customer demand.” Bonnie Skinner acting CEO Sheep Producers Australia.
The security and expansion of current markets is important for Australian sheep producers and creates ongoing certainty for the industry.
This agreement demonstrates both countries commitment to free trade as a driver of economic growth and stronger bilateral relationships. The deal is of mutual benefit to both parties and reflects a collaborative and productive partnership.
“The agreement provides a fantastic opportunity for Australian producers, particularly while the industry is undergoing a significant rebuild phase. Sheep Producers Australia would like to acknowledge the work of Minister Tehan and the UK Secretary of State for International Trade Ann-Marie Trevelyan on the signing of this agreement, the relationship between our two countries will only be strengthened.” Ms Skinner.
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