UK-Australia Free Trade Agreement - Revision history

Designing Buildings at 14:13, 7 August 2024

2024-08-07T14:13:38Z

← Older revision		Revision as of 14:13, 7 August 2024
Line 1:		Line 1:
		+	= Introduction =
		+
	The UK-Australia Free Trade Agreement (FTA) was signed in December 2021 by International Trade Secretary Anne-Marie Trevelyan and Australian Trade Minister Dan Tehan. It was hailed as the first post-Brexit deal negotiated from scratch by the UK government and not rolled over from trade terms that UK had enjoyed whilst in the EU.		The UK-Australia Free Trade Agreement (FTA) was signed in December 2021 by International Trade Secretary Anne-Marie Trevelyan and Australian Trade Minister Dan Tehan. It was hailed as the first post-Brexit deal negotiated from scratch by the UK government and not rolled over from trade terms that UK had enjoyed whilst in the EU.

Line 5:		Line 7:
	The Department for International Trade estimated the deal would unlock £10.4bn of additional trade. In 2019-20, trade in goods and services between Australia and the UK was valued at £20.1bn, with both sides hoping to expand this amount considerably.		The Department for International Trade estimated the deal would unlock £10.4bn of additional trade. In 2019-20, trade in goods and services between Australia and the UK was valued at £20.1bn, with both sides hoping to expand this amount considerably.

−	== Key areas of the trade deal ==	+	= Key areas of the trade deal =

−	The trade deal ~~focuses~~ on several key areas:	+	The trade deal focusses on several key areas:

−	=== Tariff-free trade for British and Australian Goods ===	+	== Tariff-free trade for British and Australian Goods ==

	The deal removes tariffs on £4.3bn of exports, making it cheaper to sell UK products into Australia whilst making it cheaper to import Australian goods and services.		The deal removes tariffs on £4.3bn of exports, making it cheaper to sell UK products into Australia whilst making it cheaper to import Australian goods and services.

−	=== Access to procurement contracts for UK and Australian companies ===	+	== Access to procurement contracts for UK and Australian companies ==

	British companies can bid for Australian government contracts and Australian companies can bid on UK public projects on an equal footing with UK business.		British companies can bid for Australian government contracts and Australian companies can bid on UK public projects on an equal footing with UK business.
Line 19:		Line 21:
	The agreement is the most substantial level of access Australia has granted in a free trade agreement, creating new opportunities for UK firms in sectors including transport, infrastructure, construction and financial services.		The agreement is the most substantial level of access Australia has granted in a free trade agreement, creating new opportunities for UK firms in sectors including transport, infrastructure, construction and financial services.

−	=== Easier access to UK and Australian markets for service industries ===	+	== Easier access to UK and Australian markets for service industries ==

	The UK exported £5.4 billion worth of services to Australia in 2020 accounting for 56 per cent of total exports to the country. The combined effect of the deal’s provisions allows UK and Australian service professionals access to each other’s markets and reduces barriers to investment.		The UK exported £5.4 billion worth of services to Australia in 2020 accounting for 56 per cent of total exports to the country. The combined effect of the deal’s provisions allows UK and Australian service professionals access to each other’s markets and reduces barriers to investment.

−	=== Enhanced access for tech companies ===	+	== Enhanced access for tech companies ==

	The deal is designed to create opportunities for cutting-edge digital and tech sectors in industries of the future like AI, space exploration and low emissions technology.		The deal is designed to create opportunities for cutting-edge digital and tech sectors in industries of the future like AI, space exploration and low emissions technology.
Line 29:		Line 31:
	The deal contains the world’s first-ever innovation chapter, which will facilitate the free flow of data, saving UK businesses from the cost of setting up servers in Australia, whilst maintaining personal data protection standards for British consumers.		The deal contains the world’s first-ever innovation chapter, which will facilitate the free flow of data, saving UK businesses from the cost of setting up servers in Australia, whilst maintaining personal data protection standards for British consumers.

−	=== Easier travel and work for young people ===	+	== Easier travel and work for young people ==

	People under the age of 35 will be able to travel and work in both countries more freely. Highly skilled professionals will now be able to work in Australia temporarily and Aussie firms will no longer have to prioritise hiring Australian nationals first.		People under the age of 35 will be able to travel and work in both countries more freely. Highly skilled professionals will now be able to work in Australia temporarily and Aussie firms will no longer have to prioritise hiring Australian nationals first.

−	=== Greater opportunities for professionals ===	+	== Greater opportunities for professionals ==

	The deal will help facilitate the recognition of UK and Australian professional qualifications across many sectors, creating opportunities for professionals while allowing companies to attract and retain global talent.		The deal will help facilitate the recognition of UK and Australian professional qualifications across many sectors, creating opportunities for professionals while allowing companies to attract and retain global talent.

−	=== Cooperation on shared challenges ===	+	== Cooperation on shared challenges ==

	The agreement includes provisions for the countries to collaborate on key challenges such as climate change and unfair trading practices.		The agreement includes provisions for the countries to collaborate on key challenges such as climate change and unfair trading practices.

−	=== Slashing red tape for entrepreneurs and small business ===	+	== Slashing red tape for entrepreneurs and small business ==

	Red tape and bureaucracy has been reduced for small businesses across the UK and Australia that already export goods to the other market.		Red tape and bureaucracy has been reduced for small businesses across the UK and Australia that already export goods to the other market.

−	== UK-Australia Free Trade Agreement and construction ==	+	= UK-Australia Free Trade Agreement and construction =

	The agreement opens the door for businesses to export construction products and specialist services between the two countries through reduced tariffs, red tape and access to public procurement processes on an equal footing.		The agreement opens the door for businesses to export construction products and specialist services between the two countries through reduced tariffs, red tape and access to public procurement processes on an equal footing.
Line 56:		Line 58:

	-----		-----
−	Follow this link to view the UK Government's [https://assets.publishing.service.gov.uk/media/61bb59938fa8f5037e8ccd87/ten-key-benefits-of-the-uk-australia-free-trade-agreement.pdf Ten key Benefits of the UK-Australia Free Trade Agreement].	+	* Follow this link to view the UK Government's [https://assets.publishing.service.gov.uk/media/61bb59938fa8f5037e8ccd87/ten-key-benefits-of-the-uk-australia-free-trade-agreement.pdf Ten key Benefits of the UK-Australia Free Trade Agreement].
		+	* More on Marr's Austrade visit in [https://www.marr.com.au/news/uk-and-australia-trade-partnership-highlighted-in-visit-to-construction-site/ UK and Australia Trade Partnership Highlighted in Visit to Construction Site].
		+
		+	= Related articles on Designing Buildings =
		+
		+	* BBA becomes an Approved Body for UKCA Marking.
		+	* Brexit and UK research into cultural heritage.
		+	* Brexit standards, products and regulatory updates.
		+	* Brexit Topic Guide.
		+	* Heritage and Brexit.
		+	* Home thoughts from abroad: Immigration.
		+	* Trade And Cooperation Agreement Between The European Union And The United Kingdom.
		+	* UK Brexit transition and uncertainty for the heating industry.
		+	* What does Brexit mean for construction?
		+	* Will Brexit shake UK construction?

−	~~More on Marr's Austrade visit in~~ [~~https~~:~~//www.marr.com.au/news/uk-and-australia-trade-partnership-highlighted-in-visit-to-construction-site/ UK and Australia Trade Partnership Highlighted in Visit to Construction Site~~].	+	[[Category:DCN_News]] [[Category:International]] [[Category:News]]

Marr Contracting at 10:12, 29 July 2024

2024-07-29T10:12:59Z

← Older revision		Revision as of 10:12, 29 July 2024
Line 53:		Line 53:
	In June 2024, Elisabeth Bowes PSM, Australian Deputy High Commissioner to the UK and Chief Negotiator of the UK-Australian FTA, visited the Lostock Sustainable Energy Plant (LSEP) in Northwich, Chesire, at the invitation of Marr Contracting.		In June 2024, Elisabeth Bowes PSM, Australian Deputy High Commissioner to the UK and Chief Negotiator of the UK-Australian FTA, visited the Lostock Sustainable Energy Plant (LSEP) in Northwich, Chesire, at the invitation of Marr Contracting.

−	~~-----~~
	== Further information ==		== Further information ==

		+	-----
	Follow this link to view the UK Government's [https://assets.publishing.service.gov.uk/media/61bb59938fa8f5037e8ccd87/ten-key-benefits-of-the-uk-australia-free-trade-agreement.pdf Ten key Benefits of the UK-Australia Free Trade Agreement].		Follow this link to view the UK Government's [https://assets.publishing.service.gov.uk/media/61bb59938fa8f5037e8ccd87/ten-key-benefits-of-the-uk-australia-free-trade-agreement.pdf Ten key Benefits of the UK-Australia Free Trade Agreement].

	More on Marr's Austrade visit in [https://www.marr.com.au/news/uk-and-australia-trade-partnership-highlighted-in-visit-to-construction-site/ UK and Australia Trade Partnership Highlighted in Visit to Construction Site].		More on Marr's Austrade visit in [https://www.marr.com.au/news/uk-and-australia-trade-partnership-highlighted-in-visit-to-construction-site/ UK and Australia Trade Partnership Highlighted in Visit to Construction Site].

Marr Contracting at 10:06, 29 July 2024

2024-07-29T10:06:21Z

← Older revision		Revision as of 10:06, 29 July 2024
Line 58:		Line 58:
	Follow this link to view the UK Government's [https://assets.publishing.service.gov.uk/media/61bb59938fa8f5037e8ccd87/ten-key-benefits-of-the-uk-australia-free-trade-agreement.pdf Ten key Benefits of the UK-Australia Free Trade Agreement].		Follow this link to view the UK Government's [https://assets.publishing.service.gov.uk/media/61bb59938fa8f5037e8ccd87/ten-key-benefits-of-the-uk-australia-free-trade-agreement.pdf Ten key Benefits of the UK-Australia Free Trade Agreement].

−	More on Marr's Austrade visit in [[w/~~index~~.~~php?title=Bit~~.ly/~~4fqiV1K&action=edit&redlink=1\|~~UK and Australia Trade Partnership Highlighted in Visit to Construction Site]].	+	More on Marr's Austrade visit in [https://www.marr.com.au/news/uk-and-australia-trade-partnership-highlighted-in-visit-to-construction-site/ UK and Australia Trade Partnership Highlighted in Visit to Construction Site].

Marr Contracting at 10:05, 29 July 2024

2024-07-29T10:05:23Z

← Older revision		Revision as of 10:05, 29 July 2024
Line 45:		Line 45:
	Red tape and bureaucracy has been reduced for small businesses across the UK and Australia that already export goods to the other market.		Red tape and bureaucracy has been reduced for small businesses across the UK and Australia that already export goods to the other market.

−	=== UK-Australia Free Trade Agreement and construction ===	+	== UK-Australia Free Trade Agreement and construction ==

	The agreement opens the door for businesses to export construction products and specialist services between the two countries through reduced tariffs, red tape and access to public procurement processes on an equal footing.		The agreement opens the door for businesses to export construction products and specialist services between the two countries through reduced tariffs, red tape and access to public procurement processes on an equal footing.
Line 58:		Line 58:
	Follow this link to view the UK Government's [https://assets.publishing.service.gov.uk/media/61bb59938fa8f5037e8ccd87/ten-key-benefits-of-the-uk-australia-free-trade-agreement.pdf Ten key Benefits of the UK-Australia Free Trade Agreement].		Follow this link to view the UK Government's [https://assets.publishing.service.gov.uk/media/61bb59938fa8f5037e8ccd87/ten-key-benefits-of-the-uk-australia-free-trade-agreement.pdf Ten key Benefits of the UK-Australia Free Trade Agreement].

−	More on Marr's Austrade visit in [[~~bit~~.ly/4fqiV1K\|UK and Australia Trade Partnership Highlighted in Visit to Construction ~~Sit~~]]e.	+	More on Marr's Austrade visit in [[w/index.php?title=Bit.ly/4fqiV1K&action=edit&redlink=1\|UK and Australia Trade Partnership Highlighted in Visit to Construction Site]].

Marr Contracting: Created page with "The UK-Australia Free Trade Agreement (FTA) was signed in December 2021 by International Trade Secretary Anne-Marie Trevelyan and Australian Trade Minister Dan Tehan. It was hail..."

2024-07-29T10:04:49Z

Created page with "The UK-Australia Free Trade Agreement (FTA) was signed in December 2021 by International Trade Secretary Anne-Marie Trevelyan and Australian Trade Minister Dan Tehan. It was hail..."

New page

The UK-Australia Free Trade Agreement (FTA) was signed in December 2021 by International Trade Secretary Anne-Marie Trevelyan and Australian Trade Minister Dan Tehan. It was hailed as the first post-Brexit deal negotiated from scratch by the UK government and not rolled over from trade terms that UK had enjoyed whilst in the EU.

International Trade Secretary Anne-Marie Trevelyan described the deal as a "landmark moment in the historic and vital relationship" between the UK and Australia.

The Department for International Trade estimated the deal would unlock £10.4bn of additional trade. In 2019-20, trade in goods and services between Australia and the UK was valued at £20.1bn, with both sides hoping to expand this amount considerably.

== Key areas of the trade deal ==

The trade deal focuses on several key areas:

=== Tariff-free trade for British and Australian Goods ===

The deal removes tariffs on £4.3bn of exports, making it cheaper to sell UK products into Australia whilst making it cheaper to import Australian goods and services.

=== Access to procurement contracts for UK and Australian companies ===

British companies can bid for Australian government contracts and Australian companies can bid on UK public projects on an equal footing with UK business.

The agreement is the most substantial level of access Australia has granted in a free trade agreement, creating new opportunities for UK firms in sectors including transport, infrastructure, construction and financial services.

=== Easier access to UK and Australian markets for service industries ===

The UK exported £5.4 billion worth of services to Australia in 2020 accounting for 56 per cent of total exports to the country. The combined effect of the deal’s provisions allows UK and Australian service professionals access to each other’s markets and reduces barriers to investment.

=== Enhanced access for tech companies ===

The deal is designed to create opportunities for cutting-edge digital and tech sectors in industries of the future like AI, space exploration and low emissions technology.

The deal contains the world’s first-ever innovation chapter, which will facilitate the free flow of data, saving UK businesses from the cost of setting up servers in Australia, whilst maintaining personal data protection standards for British consumers.

=== Easier travel and work for young people ===

People under the age of 35 will be able to travel and work in both countries more freely. Highly skilled professionals will now be able to work in Australia temporarily and Aussie firms will no longer have to prioritise hiring Australian nationals first.

=== Greater opportunities for professionals ===

The deal will help facilitate the recognition of UK and Australian professional qualifications across many sectors, creating opportunities for professionals while allowing companies to attract and retain global talent.

=== Cooperation on shared challenges ===

The agreement includes provisions for the countries to collaborate on key challenges such as climate change and unfair trading practices.

=== Slashing red tape for entrepreneurs and small business ===

Red tape and bureaucracy has been reduced for small businesses across the UK and Australia that already export goods to the other market.

=== UK-Australia Free Trade Agreement and construction ===

The agreement opens the door for businesses to export construction products and specialist services between the two countries through reduced tariffs, red tape and access to public procurement processes on an equal footing.

One of the first companies to take advantage of this reduced friction is Marr Contracting, a global heavy lift tower crane specialist from Australia with expertise in cranage solutions for large-scale projects with complex requirements. Marr developed the world’s largest capacity luffing tower crane, the M2480D, and the free trade agreement has allowed Marr to set up a new UK-based division and bring more of their cranes onto UK projects.

In June 2024, Elisabeth Bowes PSM, Australian Deputy High Commissioner to the UK and Chief Negotiator of the UK-Australian FTA, visited the Lostock Sustainable Energy Plant (LSEP) in Northwich, Chesire, at the invitation of Marr Contracting.

-----
== Further information ==

Follow this link to view the UK Government's [https://assets.publishing.service.gov.uk/media/61bb59938fa8f5037e8ccd87/ten-key-benefits-of-the-uk-australia-free-trade-agreement.pdf Ten key Benefits of the UK-Australia Free Trade Agreement].

More on Marr's Austrade visit in [[bit.ly/4fqiV1K|UK and Australia Trade Partnership Highlighted in Visit to Construction Sit]]e.