Brexit win as British companies ‘thriving’ 100 days after Australia commerce deal

Britain’s post-Brexit commerce cope with Australia has already boosted UK companies 100 days after coming into force.

Healthy meals firms Creative Nature and Sozyë stated the settlement has led to alternatives to promote their merchandise Down Under.

The deal got here into pressure on May 31 and is anticipated to spice up commerce between the UK and Australia by 53 p.c.

International Trade Minister Nigel Huddleston stated: “It’s fantastic to see that innovative businesses like Creative Nature and Sozyë are already thriving under our landmark deal with Australia.

“This is just the beginning of a new era of opportunity for British businesses as we use our status as an independent trading nation to deliver an ambitious programme of trade deals with countries all around the world.”

Creative Nature founder Julianne Ponan stated Australia has change into a “pivotal market” for the corporate, which makes snacks and baking mixes for individuals affected by any of the highest 14 allergens.

He stated: “The health-conscious consumer base is growing rapidly, with increasing demand for products that cater to various dietary needs.

“The new trade deal with Australia has ushered in a new era of opportunity for our business, reducing tariffs and barriers and making our products more competitive and accessible to Australian shoppers.

“The more favourable trading environment has helped highlight to distributors why we our products are needed in this market.”

Jacob Thundil, founder of Sozyë, said the free trade agreement opened the door for the allergen-free sauce company to expand into Australia.

He said: “After working with trade advisors from the Department, we identified key markets and distributors.

“We discovered success with two distributors in Australia who instructed us that the commerce deal meant this made business sense.”

The free commerce settlement with Australia was the primary negotiated from scratch post-Brexit, together with New Zealand, with yesterday marking 100 days since they got here into pressure.

The cope with New Zealand is anticipated to extend commerce by virtually 60 p.c.