The UK has agreed landmark trade deals with Australia and New Zealand to unleash British businesses and deliver on the Prime Minister’s aims of economic growth and innovation. Once the agreements come into force, they will remove tariffs on 97% of UK exports.

The deals will mean sauvignon blanc wine, Manuka honey and kiwi fruit become cheaper for British consumers while textiles, buses and bulldozers will no longer face tariffs.

1. Trade

The deals remove tariffs on over 99 percent of goods exports and will boost UK services. They will also enable UK architects, scientists and researchers to access work visas in Australia without being subject to that country’s changing skilled occupation list and will make it easier for young people to travel and work there.

But the government maintains the deals create new opportunities for the industry and that specific safeguards are in place to protect farmers.

New Zealand Trade Minister Hipkins described the deal as a “gold-standard FTA” and said it matched “the best that any developed economy has achieved.” It will help boost business and trade and strengthen both countries’ economies, he added.

2. Investment

The UK Government’s first built-from-scratch trade deal will bring more British investment to Australia and New Zealand. This will support a bounce-back in two-way services trade as both countries emerge from COVID-19 and promote the expansion of investment in high value, highly skilled jobs.

It will also give our farmers improved access to a UK market of 65 million consumers who value products that are safe and sustainably produced, with strong provenance.

The agreement will also strengthen the UK’s economic ties with New Zealand and pave the way for it to join the Comprehensive and Progressive Trans-Pacific Partnership, opening doors to 11 large trade relation countries.

3. Tourism

The UK’s first two post-Brexit free trade agreements with Australia and New Zealand will come into force at the end of May.

The agreement with Australia will enter into force 30 days after both parties complete domestic legal and parliamentary processes. The UK has completed these procedures and is waiting for Australia to enact enabling legislation.

As well as tariff elimination, the deal loosens migration rules for UK citizens living in Australia and New Zealand. This includes extending the age limit for working visas to 35 and removing the requirement to undertake regional work to qualify. It’s a “gold-standard FTA,” says New Zealand Trade Minister David Hipkins, and will boost sales of agricultural products like wine, butter, and beef.

4. Culture

The deals will also expand the UK and Australian working holiday schemes to make it easier for young people from both countries to travel for work.

They will also provide reciprocal access to each other’s patents and copyright laws.

5. Education

Both deals will boost trade and create opportunities for UK businesses, particularly in services, as well as helping British citizens to travel more easily.

The deal with Australia will allow British consumers to enjoy more sauvignon blanc, Manuka honey and kiwi fruit at cheaper prices and could boost sales of cars, whisky and clothing from New Zealand. It will also cut red tape for Australian business looking to enter the UK.

The agreement will allow UK professionals to work in Australia without being subject to that country’s changing skilled occupation list and paves the way for both countries to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). Both agreements will need to complete domestic legal and parliamentary processes in each country before they can come into force. needs read more hear