THE UK and Australia have finalised a free trade deal worth £10 billion that will also allow young Brits to work Down Under for three years. The agreement removes tariffs on all UK exports to Australia while making its products like Jacob's Creek and Hardys wines cheaper here.
Boris Johnson and Scott Morrison paved the way for the deal earlier this year It also allows 18-35-year-olds to work and travel in Australia for up to three years at a time, removing previous visa conditions. The deal is the first trade agreement the UK has negotiated from scratch since Brexit and comes ahead of more difficult talks with major powers such as the US. It was first agreed in principle by Boris Johnson and Australian PM Scott Morrison earlier this year. But putting pen to paper on the final deal was delayed while sticking points, in particular protection for UK farmers, were dealt with. The final deal was signed in a virtual ceremony by International Trade Secretary Anne-Marie Trevelyan, and will now be picked over by Parliament. ...This is just the start as we get on the front foot and seize the seismic opportunities that await us on the world stage,... she said. Most read in UK News GET READY! Met Office predicts exact date SNOW BOMB will hit bringing brutal Arctic chill THE KIDS ARE ALRIGHT Meet all of Elon Musk's children FACE OFF Mask row sparks train BRAWL as passengers come to blows - leaving kids in tears XMAS STRESS 'Grinch' & 'Stressy' are among the most common Christmas personality types DEALER NAILED Cocaine trafficker jailed after moaning about his struggling drugs empire ROT IN HELL Killer LAUGHS as she's jailed for stamping Star to death - as mum gets 8 years Analysis drawn up by Britain and independently vetted said it would boost the economy by £2.3 billion per year and unlock £10.4 billion pounds of imports and exports by 2035. Total goods and services trade between Britain and Australia was worth £14.5 billion pounds in the year to June 2021. Australia ranked Britain's 21st-largest trade partner and accounted for 1.2 per cent of total British trade. Ministers hope the deal will be a stepping stone to membership of the Comprehensive and Progressive Trans-Pacific Partnership trade bloc. The government sees the deal as an important move away from UK trade focusing on Europe and towards growing economies in the Pacific. But British farmers had complained when the agreement in principle was announced that it exposes them to competition from large-scale Australian meat producers. Liberal Democrat rural affairs spokesman Tim Farron said: ...This trade deal fails to protect our farmers in the long term.... Most Read in News UNDER FIRE What to know about Judge Michelle Odinet 'SHOPPING CART KILLER' 'Serial killer' who moves bodies in Target cart is probed as 4 slain IN COLD BLOOD Mexican actress shot dead while waiting to pick up her son, 11, from football TIKTOK THREAT Warning over challenge that urges kids to bring WEAPONS to school tomorrow CASHFLOW Five stimulus check payment programs to replace the monthly $300 child tax credit WE WANT JUSTICE Grieving dad of model's friend wants three suspects hit with MURDER charges FILTHY DEN Inside home where model & friend spent last hours before being left for dead MIND YOUR SAFETY What to know about the December 17 TikTok challenge in schools DEATH TRAP Deadliest animals that can kill humans in SECONDS with bites, stings and poison HOME OF HORRORS Suspects spotted leaving apartment where model & friend seen before deaths Shadow international trade secretary Nick Thomas-Symonds said Labour supported a free-trade deal with Australia but would scrutinise it very carefully. ...Notable from the outset is that the Government ...list of benefits' contains no mention of climate targets or the impact of the removal of import tariffs on UK agriculture,... he said. 
GettyYoung Brits will get to work in Australia for three years under the new deal '/ ' Source:
