MP welcomes historic trade agreement with Australia
AN MP has welcomed a trade deal with Australia that will bring in nearly £300m to the south east economy.
Gosport MP Caroline Dinenage says the move will boost household wages and create new opportunities for businesses, as well as bringing greater opportunities for work and travel.
It comes after the UK signed an historic trade agreement with Australia – the first ‘from scratch’ since leaving the EU.
It sets out new global standards in digital and services and will create new work and travel opportunities for British and Australians.
The deal will unlock over £10bn of additional trade, boosting the economy and increasing wages across the UK, while eliminating tariffs on 100 per cent of UK exports.
It is a deal tailored for the UK economy with cutting-edge agreements in areas where Britain is a world leader, including in digital and tech, along with increased access to Australia for the UK’s powerhouse service sectors.
The agreement will help create new opportunities for businesses in both the UK and Australia.
It gives UK firms guaranteed access to bid for an additional £10bn 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. Ms Dinenage said: ‘This deal is a prime example of how we can take advantage of these new opportunities, and the benefits that are brought outside of the EU. It is fantastic news.’