This month, officials from the governments of the United Kingdom and Australia met to discuss the United Kingdom-Australia Free Trade Agreement (A-UKFTA), one year after it entered into force.
The agreement contains commercially significant commitments that create new opportunities and benefits for both consumers and businesses. It has not only made it easier to operate in the UK market, but also reduced costs for exporters and strengthened diversification.
Benefits of the A-UKFTA
Tariff Reduction:
The A-UKFTA has eliminated tariffs on almost all Australian goods entering the UK. This means huge savings for UK consumers and an increase in demand, benefiting Australian exporters.
Increased efficiency in procedures:
The A-UKFTA supports the streamlining of procedures by making customs processes faster and more predictable. This simplifies the logistics and increases efficiency for both importers and exporters.
Trade Diversification:
Easier access to international goods creates greater diversification and expands the consumer base in both countries.
More Competitive Pricing:
Fewer trade barriers allow Australian goods to be offered at more competitive prices, making Australian goods a highly attractive option and increasing sales potential.
How We Can Help
The A-UKFTA has many benefits for individuals and businesses; however, there are still complexities when trying to navigate the requirements and rules. It is therefore extremely helpful to engage a Freight Company that stays updated and can support your business in meeting the latest standards.
At Bullocks Freightmasters, we have over 40 years of experience and is WA’s go-to Customs Broker and International Freight Forwarder. Our team of experts has a deep understanding of Free-Trade Agreement rules and compliance requirements, so you can leave all the documents to us.
We have an excellent Australian and worldwide network to service all your freight forwarding and customs clearance needs, with representatives in all the major Australian sea and airports, as well as international countries such as the UK.
As an Australian Trusted Trader (ATT) accredited business, we are committed to supporting you in all areas of international freight logistics, whether that be air freight, sea freight, customs clearance or brokerage. We work hard to provide you with the most time and cost-efficient route for your freight. Contact us today to learn more about our services.
