This deal includes Food and Agriculture, which is a massive blow to the EU after they hoped the UK would sign up to their Food and Agriculture standards to stop trade problems in Northern Ireland.
This new path regarding Food and Agriculture means the UK is now going down a different path to the EU.
The press release said:
“British farmers will be protected by a cap on tariff-free imports for 15 years, using tariff rate quotas and other safeguards. We are also supporting agricultural producers to increase their exports overseas, including to new markets in the Indo-Pacific.”
Boris Johnson said:
“Today marks a new dawn in the UK’s relationship with Australia, underpinned by our shared history and common values.”
“Our new free-trade agreement opens fantastic opportunities for British businesses and consumers, as well as young people wanting the chance to work and live on the other side of the world.”
“This is global Britain at its best – looking outwards and striking deals that deepen our alliances and help ensure every part of the country builds back better from the pandemic.”
Secretary of State for International Trade, Liz Truss, said:
“This deal delivers for Britain and shows what we can achieve as a sovereign trading nation. It is a fundamentally liberalising agreement that removes tariffs on all British goods, opens new opportunities for our services providers and tech firms, and makes it easier for our people to travel and work together.”
“The agreement paves the way for us to join the Trans-Pacific Partnership, a £9 trillion free trade area home to some of the biggest consumer markets of the present and future.”
“Membership will create unheralded opportunities for our farmers, makers, innovators and investors to do business in the future of engine room of the global economy.”