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Britain offers Australia a free trade offer, although farmers fear
05-22-2021, 01:38 PM
Post: #1
Britain offers Australia a free trade offer, although farmers fear
[Image: _118597668_mediaitem118596379.jpg]


The UK has offered Australia a trade deal term in which the two countries will abolish import tariffs over a 15-year period.The Cabinet was reportedly separating the terms to offer amid concerns that UK beef and lamb producers could be undercut by major Australian producers.But the dispute was apparently resolved after Boris Johnson pushed for unity.International Trade Minister Liz Truss made a formal proposal in the UK to her Australian partners on Friday.If accepted, it would lead to a quota - limit - the duty-free trade between the two countries to cease.

The National Farmers Union (NFU) warned that the abolition of the UK-Australia meat trade would end hundreds of British cattle and sheep breeders.Ministers are keen to make as much trade deals as possible after Brexit and Ms Truss wants to join Australia by the time the UK hosts the G7 summit, the country's leading country in June.But she reportedly disagreed with Environment Secretary George Eustice about the possible impact on farmers in the so-called abolition of import taxes, which are usually paid to the government.With these differences appearing to be resolved at the Prime Minister's Downing Street meeting on Thursday, Ms Truss submitted a UK deal for a deal with Australian counterpart Dan Tehan at the conference. Online friday

Speaking on a visit to Portsmouth, Johnson said: “We are definitely looking for a global free trade agreement.They offer great opportunities for our farmers, for all types of businesses. For our producers, we should see these openings as not a threat. But it is an opportunity Mr Tehan said he was "confident" in reaching an agreement with the UK by early June, with "Positive talk" with Ms Truss, the website news.com.au reported.In 2019-2020, trade in goods and services between Australia and the UK is worth £ 20.1 billion, and both sides hope to significantly expand this amount.Metals, wines and machinery are currently the largest exports from Australia to the UK,

while the slotxo ออโต้ UK's main imports are automobiles, drugs and alcoholic beverages.The meat trade between the two countries was small, with 0.15% of all Australian beef exports to the UK and 14% of lamb imports to the UK coming from Australia.NFU President Minette Batters said the tariffs on these products would It "had a huge impact" on British farms, which would not be competitive in terms of size, against large Australian cattle and sheep stations.She added: "We maintain that a duty-free trade deal with Australia will be detrimental to our own agricultural industry and will result in the deaths of many beef and sheep farms across the UK. It is true whether there is an immediate or 15-year tax cut.


'Different advantages'

The Scottish and Welsh governments have both urged Johnson to make sure UK farmers are not disclosed.And Northern Ireland's Minister of Agriculture Edwin Poots said he "Strongly disagree" on tax breaks and quotas But conservative MP Neil Parish, chair of the Commons' Environment, Food and Rural Affairs Committee, said UK farmers can succeed in the beef market by exporting high-quality produce such as sirloin to Australia.A spokesman for the Department of International Trade said: "Any agreement we sign with Australia will include protecting the agricultural industry and will not undercut UK farmers or reduce our high standards.Typically, any tax liberalization will be staged over time with a built in safeguard. We will continue to work with this industry by keeping them involved throughout the process and helping to gain substantial benefits. Full of trade
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