New Australia-UK agreements guarantee exports post-Brexit vote

New Australia-UK agreements guarantee exports post-Brexit vote

Australia and the United Kingdom have signed a new bilateral Mutual Recognition Agreement and Wine Agreement that will help ensure the continued flow of trade post-Brexit.

The agreements come after the British parliament voted against a Brexit deal on January 16, Australian time.

Minister for Trade, Tourism and Investment, Simon Birmingham, said the agreements would ensure arrangements already in place between Australia and the European Union for exports continue to apply for the United Kingdom post-Brexit.

“This will mean Australian exporters can continue to benefit from existing arrangements for mutual recognition as they do currently, even if the UK leaves the EU without an agreement,” Simon Birmingham said.

“These agreements provide assurances to Australian exporters that they will be able to get their goods into the UK post-Brexit whether it be wine, medical devices or automotive parts without additional trade barriers or regulations.

“They are a significant and necessary step in our post-Brexit preparations, where we want to minimise disruptions to trade flows and provide as much certainty to Australian exporters as we can,” he said.