Trade Agreements: Australia

(asked on 26th May 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment she has made of the potential effect of a free trade agreement with Australia on Crewe and Nantwich constituency.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 11th June 2021

The Department’s economic analysis, published on 17 June 2020, seeks to identify the potential scale of the long-term additional benefit to the UK from having a deal with Australia. This analysis suggested the North West could be one of the regions expected to benefit most from a UK-Australia Free Trade Agreement (FTA).

Clothing is one of the North West’s top goods exports to Australia, and this increased from 2019 to 2020. Liberalisation of tariffs on clothing (currently up to 5%) and reducing other non-tariff barriers to trade should further benefit this industry.

Likewise, another of the North West’s top exports to Australia, automotives, could also benefit from the removal of tariffs (currently up to 5% on road vehicles) and other non-tariff barriers to trade.

Following the conclusion of negotiations, a full impact assessment will be published prior to implementation.

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