The UK has agreed landmark post-Brexit trade deals with Australia and New Zealand to unleash British businesses and deliver on the Prime Minister’s aims of economic growth and innovation.
The free trade deals are expected to boost bilateral trade with Australia by 53% and with New Zealand by 59%, affording UK businesses the benefits of removed tariffs on UK goods exports, increased access to services and the cutting of red tape for digital trade.
The UK will be afforded investment opportunities to government contracts as well as potential access to £10 billion of Australian public sector contracts per year.
The deal will also remove barriers for SMEs for digital trade and the free flow of data, facilitating trade while protecting innovations and intellectual property.
Khalid Talukder, Co-founder of DKK Partners, said: “Removing red tape for international is a hugely encouraging step by the UK government, empowering UK businesses to get out there and export our world-leading goods and services to Australia and New Zealand.”