Trade Agreements: Australia

Department for International Trade written question – answered on 9th June 2021.

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Photo of Angus MacNeil Angus MacNeil Shadow SNP Spokesperson (Trade Team Member), Chair, International Trade Committee, Chair, International Trade Committee

To ask the Secretary of State for International Trade, pursuant to the Answer of 25 May 2021 to Question 3839, whether work on a potential trade agreement with Australia has been prioritised as part of the full focus on recovering from the covid-19 pandemic.

Photo of Greg Hands Greg Hands The Minister of State, Department for International Trade

Free trade and resilient supply chains through open markets will be crucial to the global economic recovery as the coronavirus crisis passes.

The biggest regional benefits from an ambitious UK-Australia trade agreement, as modelled in the deeper scenario of our Scoping Assessment, are expected to go to Scotland, the North East and the North West of England, the West Midlands, the South East and London.

A trade agreement with Australia will help to reduce trade barriers and drive increased two-way trade in goods. A UK-Australia trade agreement will be an important part of the UK’s post-COVID economic strategy, making it easier for businesses to access goods, services, and capital to fuel economic recovery, and growth.

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