The UK has agreed to a free trade agreement with Australia as it marks a “new dawn” in their relationship.
The free trade agreement means selling cars, sweets and Scottish whiskey products like in Australia will cost less for British businesses, the UK government said on Tuesday.
The move would allow 3.5 million people nationwide to work in the UK industry, it added.
“Today marks a new dawn of the UK’s relationship with Australia, our shared history and government by common values,” UK Prime Minister Boris Johnson said in a statement.
“Our new free-trade agreement opens up fantastic opportunities for British and business consumers who are missing out on working and live opportunities on the other side of the world, as well as young people.”
The deal was flagged off late Monday when Australian Minister for Trade Johnson and his Australian colleague Scott Morrison agreed on a broader terms of the deal over dinner on Downing Street in London.
Following the UK’s departure from the EU, trade agreement strikes with nations around the world are intense, but the agreement is not without controversy. British farmers, for example, have expressed concern that they may be undernourished by cheap Australian agricultural imports and about Australian food standards.
Addressing these concerns, the Johnson government said Tuesday that British farmers “would be protected by a cap on duty-free imports for 15 years, using tariff rate quotas and other protections.”