Badenoch hails ‘historic second’ as UK’s first post-Brexit commerce offers go reside
Kemi Badenoch hailed a “historic moment” as Britain’s first post-Brexit commerce offers negotiated from scratch got here into drive right now.
The free commerce agreements with Australia and New Zealand took impact at midnight.
The pacts take away tariffs on UK exports Down Under, open unprecedented entry for providers, and slash purple tape for digital commerce and work visas.
The offers might additionally imply decrease costs for British customers on favourites corresponding to wine, Tim Tams and kiwi fruit.
Ms Badenoch mentioned: “Today is a historic moment as our first trade deals to be negotiated post-Brexit come into effect.
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“Businesses up and down the country will now be able to reap the rewards of our status as an independent trading nation and seize new opportunities, driving economic growth, innovation and higher wages.”
The offers will drive up bilateral commerce with Australia by 53 % and with New Zealand by 59 %, based on the Department for Business and Trade.
To mark the event, International Trade Minister Nigel Huddleston will tour DHL’s Southern Distribution Centre close to Heathrow to see off two handpicked consignments of UK items.
Mr Huddleston mentioned: “It is incredibly exciting to be visiting DHL to see some of the first shipments leave the UK, knowing that when they arrive Down Under they will benefit from our brand new deals.
“Australia and New Zealand are two of our closest friends and like-minded partners and our trade deals secure favourable terms for British exporters, removing tariffs on all UK goods and slashing red tape.”
Beano comics signed by the comedian’s editor John Anderson, Penderyn single malt Welsh whisky, Brighton Gin, The Cambridge Satchel Co. luggage and Fever-Tree mixers are among the many objects being despatched from the Government to the Australian and New Zealand commerce ministers.
The parcels may also embrace an England cricket high signed by James Anderson and Emma Lamb, a Wales rugby shirt signed by the lads’s crew and a tennis racket from Gray’s of Cambridge.