Australian food and beverage companies are set to benefit from the recent UK free trade agreement (FTA). The deal will remove more than 99 per cent of tariffs on goods being exported to the UK over the next 10 years.
The FTA will cover approximately 75 per cent of trade, opening up preferential access to almost 3 billion customers.
Minister for Trade, Tourism and Investment Dan Tehan signed the agreement on behalf of Australia during a virtual ceremony with the UK Secretary of State for International trade Anne-Marie Trevelyan.
MLA believes the FTA opens a path for market diversification and echoes the countries commitment to rules-based open trade.
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