Finance:UK - Australia FTA
The UK - Australia Free Trade Agreement (UK - Australia FTA), is a proposed agreement between the United Kingdom of Great Britain and N.Ireland and the Commonwealth of Australia. [1]
| Type | Trade Agreement |
| Context | Trade Agreement between the United Kingdom and Australia |
| Negotiators | Liz Truss |
| Parties | United Kingdom 🇬🇧
Australia 🇦🇺 |
History
The United Kingdom and The Commonwealth of Australia started negotiations for a free trade deal on the 17 June 2020, and are currently on the first round of negotiations. [2]
Draft Legal & Treaty Text
On the 17 June 2020 the United Kingdom Government released it's negotiation objective outlining what it would like to achieve in a United Kingdom - Australia free trade agreement. [3]
On 15th June 2020 the Australian Government releases it's negotiation objectives outlining what it would like to achieve in a United Kingdom - Australia free trade agreement [4]
Areas Covered in the FTA and Contention Points
- Trade in Goods:
- Sanitary and Phytosanitary Measures (SPS):
- Customs and Trade Facilitation
- Rules of Origin
- Technical Barriers to Trade (TBT)
- Good Regulatory Practices
- Transparency, Publication, and Administrative Measures
- Trade in Services, Including Telecommunications and Financial Services
- Digital Trade in Goods and Services and Cross-Border Data Flows
- Investment
- Intellectual Property
- Procedural Fairness for Pharmaceuticals and Medical Devices
- State-Owned and Controlled Enterprises (SOEs)
- Subsidies
- Competition Policy
- Labor
- Environment
- Anti-corruption
- Trade Remedies
- Settlement
- General Provisions
Documents
Australia
Australia Negotiating Objectives
United Kingdom
See Also
- List of Bilateral Agreements
- List of Multilateral Agreements
- UK Free Trade Agreements
Sources
- ↑ Barns-Graham, William (June 17, 2020). "UK starts talks with ‘old friends’ Australia and New Zealand for trade deals". https://www.export.org.uk/news/513062/UK-starts-talks-with-old-friends-Australia-and-New-Zealand-for-trade-deals.htm.
- ↑ (1) Hurst (2) Graham-McLay, (1) Daniel (2) Charlotte (June 17, 2020). "UK begins talks with Australia and New Zealand on free trade deal for post-Brexit era". https://www..theguardian.com/business/2020/jun/17/uk-begins-talks-with-australia-and-new-zealand-on-free-trade-deal-for-post-brexit-era.
- ↑ Truss, Liz (June 17, 2020). "UK's approach to negotiating a free trade agreement with Australia". https://www.gov.uk/government/publications/uks-approach-to-negotiating-a-free-trade-agreement-with-australia.
- ↑ "Australia-UK FTA objectives fact sheet". June 15, 2020. https://www.dfat.gov.au/trade/agreements/negotiations/aukfta/objectives.
- ↑ "Australia-UK FTA negotiating aims and approach". https://www.dfat.gov.au/trade/agreements/negotiations/aukfta/negotiating-aims-and-approach.
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