THE United Kingdom and the European Union have finalised their Brexit deal and it’s hoped the free-trade agreements Australia is negotiating with both parties will now be prioritised.
The Brexit deal means Australia will split its existing EU tariff-rate quotas between the EU and UK, based on where proportions of trade went to over a three-year period. The splits have been discussed by the government since Brexit was announced four years ago and haven’t come as a surprise to the agricultural sector. Rabobank senior animal proteins analyst Angus Gidley-Baird doesn’t expect the quota splits to make much of an impact, however there were a couple of things to watch. Read More.