The free-trade agreements with Australia and New Zealand remove import tariffs on the majority of goods moved into the UK from the two countries.
ADVERTISEMENT
The first post-Brexit trade deals completed from scratch, will come into force from midnight on 31 May 2023, the UK government has confirmed.
The free-trade agreements with Australia and New Zealand remove import tariffs on most goods moved into the UK from the two countries. For the likes of beef, lamb and dairy products, both southern hemisphere countries will initially receive large tariff-free quotas, with unlimited access into the UK market granted over the next five to 15 years.
In a statement, British Prime Minister Rishi Sunak described the deals as a “landmark” for the UK while his Business secretary Kemi Badenoch said it was a sign the UK “is forging a bold new future alongside the world’s most dynamic and fast-growing economies”.
ADVERTISEMENT
Despite that, the government’s own economic impact assessments suggest the deals will be of little benefit to the wider British economy.
Little to gain for farmers
“It’s clear that UK farmers have very little to gain from these two deals; instead we are
pushing the government to focus its trade efforts on opening up markets where there’s a genuine opportunity for UK agriculture to grow our sales of fantastic products overseas,” said NFU president Minette Batters.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The first post-Brexit trade deals completed from scratch, will come into force from midnight on 31 May 2023, the UK government has confirmed.
The free-trade agreements with Australia and New Zealand remove import tariffs on most goods moved into the UK from the two countries. For the likes of beef, lamb and dairy products, both southern hemisphere countries will initially receive large tariff-free quotas, with unlimited access into the UK market granted over the next five to 15 years.
In a statement, British Prime Minister Rishi Sunak described the deals as a “landmark” for the UK while his Business secretary Kemi Badenoch said it was a sign the UK “is forging a bold new future alongside the world’s most dynamic and fast-growing economies”.
Despite that, the government’s own economic impact assessments suggest the deals will be of little benefit to the wider British economy.
Little to gain for farmers
“It’s clear that UK farmers have very little to gain from these two deals; instead we are
pushing the government to focus its trade efforts on opening up markets where there’s a genuine opportunity for UK agriculture to grow our sales of fantastic products overseas,” said NFU president Minette Batters.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS