Australia-United Kingdom Free Trade Agreement (A-UKFTA)

Country / jurisdiction: United Kingdom · Year: 2023 · Status: In force · Level: International · Type: Voluntary

The  | Australia-United Kingdom Free Trade Agreement (A-UKFTA) entered into force in 2023 .

Australia import tariff are eliminated for goods originating from the UK for the following products:

clean energy products, such as offshore wind power components

electrical conductors

cars, electric vehicles and car parts

UK import tariff are eliminated for goods originating from Australia for the following products:

Lithium-ion accumulators

Photosensitive semiconductor devices, including photovoltaic cells

Motor cars and other motor vehicles

Lithium oxide and hydroxide

The flexible rules of origin laid out in the agreement are intended to enable the majority of British and Australian manufacturers to qualify for tariff-free trade without altering to their current supply chains. This means they can import component parts such as engines and valves into the UK or Australia and still benefit from tariff elimination when exporting the finished products. Additionally, high-quality recovered and recycled materials are considered as originating from where they are recovered or recycled, which is intended to encourage businesses to incorporate recovered and recycled materials.

Official source: https://www.gov.uk/government/collections/uk-australia-free-trade-agreement