What is Australia seeking from a UK FTA?

Australia is seeking improved market access in the UK for agricultural products.
Australia is seeking improved market access in the UK for agricultural products.

WHAT AUSTRALIA WANTS FROM A FREE TRADE AGREEMENT WITH THE UK, THE NATION'S SEVENTH-LARGEST TRADING PARTNER

* Improve market access for Australian agricultural and industrial products

* Reduce barriers to trade and costs through modern customs, rules of origin and trade facilitation procedures

* Address "non-tariff" barriers such as unclear animal and plant health requirements, inconsistently applied product standards and government procurement policies

* Better access for Australian financial and professional services

* Establish best practice digital trade commitments

* Greater certainty for investors through clear rules and regulations

* Identify opportunities for small and medium sized businesses

* Support innovation and creativity through trade and investment in intellectual property

* Promote compliance with internationally recognised labour standards

* Ensure high levels of environmental protection

* Establish a country to country dispute settlement process

MAIN IMPORTS AND EXPORTS

* Australia's main exports to the UK are gold, alcohol, lead, personal travel and professional services

* The UK's main exports to Australia are cars, medicines, personal travel and professional services

(Source: Department of Foreign Affairs and Trade)

Australian Associated Press