Last Updated on 3 years by UK Malayali
The UK has signed a historic trade agreement with Australia, setting new global standards in digital and services and creating new work and travel opportunities for Brits and Aussies. The deal will probably come into force on 1 July 2022.
- It gives UK firms guaranteed access to bid for an additional £10 billion worth of Australian public sector contracts per year.
- It will allow young people to work and travel in Australia for up to three years at a time, removing previous visa conditions.
- For the first time UK service suppliers including architects, scientists, researchers, lawyers and accountants will have access to visas to work in Australia without being subject to Australia’s changing skilled occupation list. This is more than Australia has ever offered any other country in a free trade agreement.
- The deal removes tariffs on all UK exports, making it cheaper to sell iconic products like cars, Scotch whisky and UK fashion to Australia, while making Australian favourites like Jacob’s Creek and Hardys wines, Tim Tams and surfboards more accessible for British consumers.
More details can be found on https://www.gov.uk/government/news/uk-and-australia-sign-world-class-trade-deal