Uk Free Trade Agreement With Australia

Uk Free Trade Agreement With Australia

Five professional organisations felt that a deal with Australia could have a negative impact on trade relations with the EU, with four expressing concerns about the potential impact of a free trade agreement on the UK economy and business supply chains. This Annex assesses the impact of the Agreement on different groups on the labour market, including gender, ethnicity, disability and age. [footnote 170] “Our main problem is that, as part of the deal, the EU is trying to ban the use of certain product names in Australia,” said Sheree Sullivan, CEO and partner of cheese maker Udder Delights, based in Adelaide Hills, South Australia. Twenty-five trade associations have called on the UK government to prioritise customs procedures in a future free trade agreement with Australia and 18 have expressed concerns. As with businesses, reducing bureaucracy and costs has been the main recommendation of professional organisations. These included the potential impact on electronic data transmission, in-transit controls to avoid delays at ports and investments in port and airport infrastructure to ensure efficient processing of goods. Respondents also expressed the issue of disproportionate costs and burdens on SMEs and suggested that customs procedures should be efficient but “lightweight”. The frequency of changes to Australian regulations was also raised as an issue, as it requires manufacturers to frequently adapt product information or export documents. One respondent stressed the need for an assessment and transfer pricing policy consistent with Organisation for Economic Co-operation and Development (OECD) guidelines. .