UK Seeks Long Phase-in for Agricultural Tariff Cuts in Post-Brexit Australia Trade Pact

The United Kingdom wants a long transition period to phase in tariff cuts for agricultural products in any post-Brexit trade agreement with Australia, Bloomberg reported May 21. Such a period, which could be as long as 15 years, would aim to aid British farmers. The U.K. and Australia in April announced an agreement to most elements of a proposed free trade deal and said negotiations could be completed by June (see 2104230072).