(1 year, 2 months ago)
Written StatementsI am pleased to report to the House that on 30 May 2023 the Government, alongside the Governments of Australia and New Zealand, ratified the UK-Australia and UK-New Zealand free trade agreements and they entered into force on 31 May.
Businesses in the United Kingdom, Australia and New Zealand are now able to access the benefits of the agreements. Our ongoing priority is to ensure businesses of all sizes across the United Kingdom feel confident in using the agreements. Guidance can be found on www.gov.uk.
The agreements remove tariffs on 100% of UK goods exports, slash red tape, guarantee access for UK services and digital trade and will make it easier for UK professionals to live and work in Australia and New Zealand. They are uncompromising in their maintenance of the UK’s high environmental, animal welfare and food safety standards.
There are robust protections for British farmers in both deals, including staging tariff liberalisation for sensitive goods over time. Protecting the NHS is also a fundamental principle of our trade policy, and these deals deliver on the Government’s commitment to that principle. The NHS, the price it pays for medicines, and its services have remained off the table throughout negotiations.
These agreements are the first the UK has negotiated “from scratch” since EU exit and demonstrate what the UK can do as an independent trading nation. Alongside the conclusion of negotiations to accede to the comprehensive and progressive agreement for trans-Pacific partnership (CPTPP), these agreements are part of our tilt towards the growing Indo-Pacific region.
I would once again like to thank the House for its support and engagement in the ratification of these free trade agreements.
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