The Department of Foreign Affairs and Trade (DFAT) welcomes submissions from interested individuals and groups on the potential opportunities and impacts of a future Free Trade Agreement (FTA) with the United Kingdom (UK).
Stakeholders are invited to consider and comment on the commercial, economic, regional and other impacts that could be expected to arise from a future Australia-UK FTA. Especially helpful would be information on tariff and non-tariff barriers to goods and services trade and barriers to investment.
Possible issues stakeholders may wish to address include:
- goods market access (tariffs and quotas)
- biosecurity and food safety issues
- regulatory issues
- customs procedures
- cross-border trade in services
- financial services
- investment, including investor-state dispute settlement
- government procurement
- intellectual property, including geographical indications
- barriers to trade in emerging and innovative industries e.g, biotechnology, artificial intelligence, IT incubators
- movement of persons
- competition policy
- sustainable development
Observations based on past experience in the UK or in other markets that may have some bearing upon a future FTA with the UK would be received with interest. Alternatively, you may wish to raise more general issues associated with the impact of a possible Australia-UK FTA on Australia.
For more information and to have your say, visit the DFAT website.
Australia’s negotiating objectives
Expand trade in goods
- Improve market access for Australian agricultural and industrial products
- Reduce barriers to trade and costs through modern customs, rules of origin and trade facilitation procedures
- Include mechanisms that address non-tariff barriers to trade. Improve access for services providers
Improve access for services providers
- Lock in access for services exporters and create opportunities in sectors of key commercial interest, such as financial and professional services
- Establish best practice digital trade commitments, which strike a balance between facilitating modern trade and ensuring appropriate protections in the online environment.
Increase two-way investment flows
- Establish modern investment rules that promote two-way investment, supporting economic growth
- Enhance transparency frameworks and regulatory regimes to provide greater certainty for investors.
Promote balanced rules on intellectual property rights
- Support innovation and creativity through the facilitation of trade and investment in intellectual property
- Maintain a balance between the interests of rights holders, users and the public interest.
Promote opportunities for SMEs and on government procurement
- Agree on ambitious rules that assist small and medium-sized enterprises to take advantage of the benefits of this agreement
- Ensure improved access to government procurement markets for Australian suppliers on the basis of clear and transparent rules for tendering.
Promote shared values on trade and sustainable development
- Promote compliance with internationally-recognised labour standards
- Ensure high levels of environmental protection, consistent with internationally agreed principles, standards and rules.
Establish strong legal and institutional frameworks to ensure the effective implementation of the FTA
- Establish streamlined institutional mechanisms to ensure the agreement operates efficiently and minimises red tape
- Establish a state-to-state dispute settlement mechanism that provides transparent and efficient procedures for settling disputes
- Provide exceptions to ensure the government can continue to regulate in the public interest.