UK Parliament / Open data

UK-Australia Free Trade Agreement

I thank my hon. Friend for his commitment as Chair of the Environment, Food and Rural Affairs Committee and also for his support of the free trade deal and indeed what international trade affords all of our amazing food and drink producers, who have some of the finest foods and drinks in the world.

To reassure my hon. Friend on the safeguards, which are as robust as they come, we have secured three levels of protection. The first, the tariff rate quota, sets a maximum level for tariff-free imports in the first 10 years; specific agricultural products are listed and anything above that would face a much higher tariff. The second level applies from years 11 to 15 of the agreement and is known as the product specific safeguard; it has a broadly similar effect, bringing high tariffs above a volume threshold. The third is a general bilateral safeguard mechanism, or temporary safety net, allowing measures to be imposed in the form of increasing tariffs or the suspension of tariff liberalisation completely under the agreement for up to four years, and they can be applied on all products liberalised under the agreement at any point to protect a particular domestic industry. I hope that reassures my hon. Friend.

Type
Proceeding contribution
Reference
706 cc71-2 
Session
2021-22
Chamber / Committee
House of Commons chamber
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