Leading export industry bodies—impacted by Beijing’s economic coercion tactics over the past year— have welcomed the signing of the Australia-UK free trade deal on Wednesday. Tony Battaglene, CEO of Australian Grape and Wine, congratulated the federal government’s efforts and hailed the free trade agreement as a “key milestone.” “The United Kingdom is an incredibly important market for Australia’s grape and wine businesses, and British consumers are some of the most enthusiastic Australian wine aficionados,” Battaglene said in a statement (pdf). “The value of Australia’s wine exports to the UK grew by 33 percent to $461 million in the year to Mar. 31, 2021, representing more than 17 percent of the total value of our exports over this period, and there is plenty of room to grow in the coming years.” The newly minted Australia-UK Free Trade Agreement (A-UK FTA) will see tariffs on wine into the UK removed, a move …
Australia-UK Trade Deal Another Step Towards Diversification Away From China
June 16, 2021
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AustraliaAustralia-UK tradeBusinessChinaChina-Australia Relationseconomic coercionEconomiesInternationalUKWorld
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