Australia’s Minister for Trade Dan Tehan announced on Tuesday that Britain and Australia have agreed a trade deal after talks between their prime ministers ironed out outstanding issues.
Australia’s PM Scott Morrison and his British counterpart Boris Johnson overcame sticking points during bilateral talks after the Group of Seven meeting in Britain over the weekend, which Morrison had attended as a guest.
In a statement, Tehan said “Both prime ministers have held a positive meeting in London overnight and have resolved outstanding issues in relation to the [Free Trade Agreement].”
Tehan added that a formal announcement would be made later on Tuesday.
The deal will be keenly scrutinized by British farmers, who fear they could be forced out of business if the deal eliminates tariffs on lamb and beef imports from Australia.