Trade: Australia and New Zealand

Part of International Trade – in the House of Commons on 3rd March 2022.

Alert me about debates like this

Photo of Anne-Marie Trevelyan Anne-Marie Trevelyan The Secretary of State for International Trade and President of the Board of Trade

The free trade agreements that the Government signed with Australia in December and with New Zealand on Monday this week will end tariffs for British exporters and slash red tape, while making it easier for smaller businesses to break into these important markets. The deals with Australia and New Zealand are expected to increase bilateral trade by 53% and 59% respectively in the medium term. These FTAs are also expected to boost the UK economy by over £3 billion.