Agricultural Exports from Australia: Tariffs

Lord Moylan Excerpts

Tuesday 8th June 2021 Lords Chamber

[Lord Grimstone of Boscobel (Con)]

My Lords, the precise details of the UK-Australia free trade agreement are a matter for ongoing negotiations. In respect of ISDS, the UK Government consider the inclusion of ISDS provisions in FTAs on a case-by-case basis and in light of the unique UK-Australia investment relationship. We are huge investors in each other’s markets and appropriate ISDS will benefit investors on both sides.

[Lord Moylan (Con)]

My Lords, is my noble friend aware that many noble Lords are absolutely thrilled at the announcement that this deal is about to be agreed? If we are to grant the European Union unfettered tariff- and quota-free access to the United Kingdom market, what possible objection could there be to allowing the same to Australia—an advanced, civilised country with high standards? There can be no objection at all. Does my noble friend agree that if the National Farmers’ Union continues to resist every change consequent on Brexit in such a curmudgeonly fashion, it will be losing and forfeiting opportunities for its own farmers and members to export throughout the world and, in this case, to Australia?

[Lord Grimstone of Boscobel (Con)]

My Lords, my noble friend is completely right. We should all recognise that British beef and lamb are among the best in the world and the Australia-UK FTA will bring new export opportunities to British farmers. We should be proud that the UK produces high-quality premium produce that is globally sought after. A deal with Australia is a gateway to joining the Trans-Pacific Partnership and there will be a growing demand for UK meat in these markets.