UK-Australia deal: Details of agreement outlined by host
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BBC Outside Source host Ros Atkins has provided a rundown on the new trade deal between the UK and Australia. The pact brocked by Australian Prime Minister Scott Morrison and Boris Johnson is the first such deal to be penned by the British Government from scratch since Brexit. International Trade Secretary Liz Truss has hailed the agreement as an important step on the road to the UK joining the Asia-Pacific CPTPP trading bloc.
Mr Atkins said: “No doubt there are plenty of politics and symbolism here.
“There is not soo much detail but let us look at what we know.
“This detail impacts agriculture in particular Australian exports.
“Digital and financial services, the UK sees opportunities here, and the terms of some work visas are changing”
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“There is more too but it is agriculture that is being the focus some UK farmers are worried.
“And it is not just concerned with competition, it is about whether that competition is fair.
“The fear is that the UK’s standards will make the price of its exports uncompetitive.
“Boris Johnson has sought to over reassurances.”
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“The issue is less about UK standards and more about Australia’s, it allows certain hormones, pesticides, and animal feed that the UK does not.
“Will that give Australia an advantage well Boris Johnson is not the only one offering reassurances.
“In reality, this is a hard deal to access yet.”
It comes as the National Farmers Union’s Minette Batters said: “We will need to know more about any provisions on animal welfare and the environment to ensure ours are high standards of production are not undermined by the terms of this deal.”
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Meanwhile, Dominic Goudie of the Food and Drink Federation said: “It is now vital that we know the detail of what has been agreed to help businesses understand and begin to prepare for the for the new terms of trade.”
Mr Atkins continued: “But if this whole Brexit process is anything to go by the detail may arrive a little after the symbolism and the politics.
“What we do have detail on is predictions for the impact of this deal, the UK’s own estimates say the new arrangements will add 0.02 percent to GDP.
He added: “More detail on this deal is promised and the UK Government argues this deal is part of a broader strategy.”
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