Australia and the United Kingdom’s free trade agreement is a “win-win†for both sides, according to Victoria Treadell.
Ms Treadell, the British high commissioner to Australia, said she hoped to see tariffs “come right down†over more than a decade.
“This is a win-win for both sides, it is about economic growth and jobs,†she told Sky News Australia.
“For our consumers, I think this is where the great benefit will come from greater choice and lower cost, particularly as we move towards the tariff-free elements that are enshrined in the agreement in principle as we nut that out and finalise the detail into the full-blown free trade agreement.
“The opportunity for Australian farmers, for example, back into the UK market.
“If you take your lamb meat industry, currently it can face up to 80 per cent tariffs on Australian lamb going into the UK and you have a similar picture on your beef.
“Our ambition, over a 10 to 15-year phasing period, is to see those tariffs come right down.â€
Australia and the United Kingdom’s free trade agreement is a “win-win†for both sides, according to Victoria Treadell.
Ms Treadell, the British high commissioner to Australia, said she hoped to see tariffs “come right down†over more than a decade.
“This is a win-win for both sides, it is about economic growth and jobs,†she told Sky News Australia.
“For our consumers, I think this is where the great benefit will come from greater choice and lower cost, particularly as we move towards the tariff-free elements that are enshrined in the agreement in principle as we nut that out and finalise the detail into the full-blown free trade agreement.
“The opportunity for Australian farmers, for example, back into the UK market.
“If you take your lamb meat industry, currently it can face up to 80 per cent tariffs on Australian lamb going into the UK and you have a similar picture on your beef.
“Our ambition, over a 10 to 15-year phasing period, is to see those tariffs come right down.â€
