Australia and the United Kingdom have finalised a trade agreement that will remove nearly all tariffs on Australian goods to the country. Dan Tehan, Australian trade minister, and Vicki Treadell, UK high commissioner, formally signed the deal in Adelaide on Dec. 17, after an initial in-principle agreement was inked in June. This means that over 99 percent of Australian exports tariffs, valued at AU$9.2 billion (US$6.6 billion), will be removed. Farmers will also enjoy increased access to the UK market with the gradual phasing out of tariffs, including the removal of $43 million of customs on wine exports and an initial tariff-free quota of 35,000 tonnes of beef exports, which will gradually expand to 110,000 tonnes by the tenth year—afterwards all tariffs will be eliminated. Further, for sheep meat, 25,000 tonnes will initially be tariff-free, expanding to 75,000 by year 10. For sugar, 80,000 tonnes will be tariff-free, which will …