PARLIAMENTARY WRITTEN QUESTION
Trade Agreements: Australia (26 May 2021)

The Department’s economic analysis, published on 17 June 2020, seeks to identify the potential scale of the long-term additional benefit to the UK from having a deal with Australia. This analysis suggested the North West could be one of the regions expected to benefit most from a UK-Australia Free Trade Agreement (FTA).

Clothing is one of the North West’s top goods exports to Australia, and this increased from 2019 to 2020. Liberalisation of tariffs on clothing (currently up to 5%) and reducing other non-tariff barriers to trade should further benefit this industry.

Likewise, another of the North West’s top exports to Australia, automotives, could also benefit from the removal of tariffs (currently up to 5% on road vehicles) and other non-tariff barriers to trade.

Following the conclusion of negotiations, a full impact assessment will be published prior to implementation.