The A-UKFTA will open up new commercial opportunities for Australian business and promote job creation. It will eliminate tariffs on trade in goods and remove red tape that slows trade down.

Building on our exceptional people-to-people links, the A-UKFTA will enhance mobility pathways for workers and young people who wish to work in the UK, while making it easier for Australian service companies and professionals to do business there. It will deepen our already strong investment ties with our second largest source of foreign investment.

Mobility

More opportunities for Australians to live and work in the UK including: managers and specialists, graduate trainees, investors, contractual services suppliers and independent professionals, innovators, and working holiday visitors up to the age of 35.

Services and investment liberalisation

Greater access and certainty for Australian service suppliers and investors across a range of sectors through equal treatment with UK and international competitors.

Professional services

Provisions to support mutual recognition of qualifications and greater certainty entering the UK labour market.

Investor protection

Investment protections covering portfolio and direct investment.

Breaking down the barriers to digital trade

No unnecessary restrictions on movement of data, including for financial services; choice of where data is stored; acceptance of electronic documentation, including at the border; protecting privacy and consumers.

Government procurement

More opportunities for Australian suppliers to secure UK government contracts.

Environment

Bilateral cooperation on a broad range of environmental issues and to tackle climate change.

SMEs

Improved ease of access to information that will assist SMEs interested in trading, investing, or doing business with the other country.

Women

Greater cooperation between Australia and the UK to promote businesses owned or led by women and a dialogue mechanism to implement gender equality commitments.

Indigenous

New opportunities for Indigenous exporters and protection of Australia's right for favourable treatment to Indigenous Australian businesses.

Innovation

New Strategic Innovation Dialogue to promote trade innovation policy, supply chain resilience, and encourage trade in innovative goods and services. A new innovation visa pilot to recruit top talent will be available to highly skilled UK citizens across a range of industries.

Key benefits for Australia

Read about the key benefits for Australia in handy summaries:

• Benefits for Australia (overview)
• Benefits for Farmers
• Benefits for Service Professionals
• Benefits for Service Suppliers and Investors
• Benefits for Students and Recent Graduates
• Benefits for Tech Entrepreneurs and Innovators
• Benefits for SMEs
• Benefits for Women
• Benefits for the Workplace
• Benefits for the Environment
• Benefits for Indigenous Business

Wine

Elimination of tariffs on entry into force (EIF), equating to a saving of around $43 million in customs duties each year.

Sheep meat

Elimination of tariffs on entry into force (EIF), equating to a saving of around $43 million in customs duties each year.Elimination of tariffs after 10 years with immediate access to duty-free transitional quotas of 25,000 tonnes, rising to 75,000 in year 10. Product specific safeguards will be applied on imports for a further 5 years.

Dairy

Elimination of tariffs over 5 years, with immediate access to duty-free quotas for dairy products, including 24,000 tonnes for cheese, 5,500 tonnes for butter (rising to 11,500 tonnes in year 5) and 20,000 for remaining dairy products.

Seafood

Elimination of tariffs on most products on EIF, and remaining tariffs over 3 years. Tariffs eliminated on EIF include those on all finfish and the 12 per cent tariff on fresh and frozen rock lobster.

Horticulture

Elimination of tariffs on most fruits and vegetables on EIF, with tariffs on other products of Australian export interest eliminated over 3 years, and all remaining tariffs eliminated over 7 years.

Processed foods

Elimination of tariffs on most processed foods on EIF

Beef

Elimination of tariffs after 10 years with immediate access to duty-free transitional quotas of 35,000 tonnes, rising to 110,000 tonnes in year 10. Product specific safeguards will be applied on imports for a further 5 years.

Sugar

Elimination of tariffs over 8 years, with immediate access to a duty-free quota of 80,000 tonnes, rising to 220,000 in year 8 of the agreement.

Rice

Elimination of tariffs for short and medium grain milled rice on EIF. Elimination of tariffs on broken rice over 4 years, with immediate access to a duty-free transitional quota. Access to a permanent annual duty-free quota for long grain milled rice.

Honey

Elimination of the 16 per cent tariff on EIF.

Wheat, Barley and other cereals

Elimination of tariffs over 4 years. Immediate access to a duty-free quota of 80,000 tonnes per year for wheat, and a duty-free quota of 7,000 tonnes per year for barley.

Industrial products

Elimination of tariffs on all Australian origin industrial goods, except ammonia and aluminium where tariffs of up to 6 per cent will be eliminated over 3 years.