This edition of the Business Envoy provides insights and advice on how traders can take advantage of Australia’s gold-standard free trade deal with the United Kingdom. The agreement entered into force on 31 May 2023 and is already delivering significant benefits to Australian businesses and consumers, including by reducing costs of trade and creating new opportunities to expand our goods and services exports to the UK.
Other topics covered in this issue include the Australia - India Economic Cooperation and Trade Agreement, which entered into force on 29 December 2022. This deal is helping to improve access for Australian businesses into the world’s fastest growing major economy; eliminating tariffs on 90 per cent of Australian exports to India, and supporting our tourism and workforce industries with 1,000 Work and Holiday Program places – many of which will benefit regional and remote Australian communities. Negotiations are moving swiftly to deepen and expand our trade agreement with India, through an ambitious Comprehensive Economic Cooperation Agreement.
You can read here about business leaders who are working to expand and strengthen our global partnerships across Southeast Asia, the United States and New Zealand. Turning back to the Northern Hemisphere – I have been advocating for an ambitious and comprehensive trade agreement with the European Union. This has the potential to be Australia’s most progressive trade deal, delivering significant opportunities for Australian businesses.
Senator The Hon Don Farrell Minister for Trade and Tourism
On the cover:
Prime Minister Anthony Albanese is warmly greeted by UK Prime Minister Rishi Sunak at 10 Downing Street to discuss the Australia-United Kingdom Free Trade Agreement, AUKUS and our efforts to support an open, prosperous and secure
Above left: Meeting with Janusz Wojciechowski, European Commissioner for Agriculture, to promote the benefits of a comprehensive Australia-European Union free trade agreement, December 2022. Above: Visit to Coutume Café in Paris, an Australian success story reimagining the Parisian coffee experience through specialty coffee.
Indo-Pacific region. Image courtesy of the Office of the Prime Minister
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Department of Foreign Affairs and Trade
business envoy
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