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another frigin' free trade agreement…...

June 24, 2022 - 08:12 -- Admin

The UK’s first free trade agreement negotiated from scratch with Australia was so rushed that environmental issues and protection for niche British products were overlooked, a report by peers says today.

The House of Lords International Agreements Committee says the agreement is important as it both paves the way for other agreements in future and for our entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a major Government objective. The deal is estimated to add only a 0.08% increase in GDP by 2035 and rising quotas will phase in tariff-free imports.

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