How Brexit impacts Australian agriculture exports as new EU and UK FTAs take priority

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.

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