Category
Trade and investment
On 17 November 2022, the Australian Government Joint Standing Committee on Treaties (JSCOT) handed down its report on the Australia-United Kingdom Free Trade Agreement (A-UKFTA). The committee made two recommendations:
- The Committee recommends the Australian Government implements the recommendations of Report 193: Strengthening the Trade Agreement and Treaty Making Process in Australia, particularly in relation to greater consultation and transparency during the negotiating process, and providing independent modelling and analysis of trade agreements.
- The Committee supports the Free Trade Agreement between Australia and the United Kingdom of Great Britain and Northern Ireland and recommends that binding treaty action be taken.
Subsequently, on 22 November 2022, the treaty passed both Houses of Parliament.
A-UKFTA will enter-into-force after Australia and the UK confirm with each other in writing that they have completed their respective domestic requirements.
Minister for Trade and Tourism media release: Trade agreement with the UK moves closer to implementation