UK and Australia agree broad terms of trade deal

The broad terms of a trade deal between the UK and Australia have been agreed, the BBC understands, with a formal announcement expected on Tuesday.

UK Prime Minister Boris Johnson and Australia's Prime Minister Scott Morrison agreed the deal over dinner at Downing Street.

It's said Welsh lamb, Scottish smoked salmon and Australian wine were served.

This is the first trade deal to be negotiated from scratch since the UK left the EU.

There had been concerns in the farming community about the UK compromising on its food standards, as well as tensions in government between the Environment Secretary, George Eustice, and the Trade Secretary, Liz Truss.

UK farmers had also argued there were no meaningful safeguards in place to stop farmers being undercut by cheap imports.

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June 15, 2021 at 10:21AM

https://www.bbc.co.uk/news/business-57478412