Free Trade Agreement Between UK and Australia
The UK and Australia have signed a free trade agreement. It is the first free trade agreement from scratch since the UK left the European Union.
Marta Pinto

Marta Pinto

Regulatory Affairs Associate

UK’S FIRST FTA AFTER BREXIT

The United Kingdom (UK) has formally signed a free trade deal with Australia. It represents the first free trade agreement (FTA) from scratch since the UK left the European Union (EU).

One of the main objectives is the liberalization of trade of originating goods between UK and Australia, removing tariffs in accordance with each party’s tariff schedule. It will immediately lift tariffs on over 99% of Australian exports and cut import fees for several British products. In Australia, imported goods like alcohol, cosmetics, food and cars are expected to become cheaper after this deal.

The two countries have committed to provisions that will be aimed at ensuring that technical barriers to trade are non-discriminatory and do not create unnecessary obstacles to trade, while preserving each country’s ability to take measures to fulfil legitimate objectives, including for the protection of health, safety and the environment

UK and Australia have agreed particular cooperation on cosmetics, medical devices and veterinary medicines, with the intention of reducing trade barriers for these industries. A Cosmetics Annex was included in the agreement, laying down the groundwork to reduce the differences in regulation for UK companies which export to Australia. It will help companies to understand the rules they need to comply with, including on products that are classified as cosmetics in one country but not in the other.

Mr Tehan (Australian Minister for Trade, Tourism and Investment) states that “it will bring the United Kingdom into the Indo-Pacific at a crucial time in our history where geostrategic competition is driving a lot of uncertainty”.

If you wish to get more information on this or other subjects, feel free to contact us at info@criticalcatalyst.com.

References:

  1. UK-Australia Free Trade Agreement: chapter explainers. 16 December 2021. Available from: https://www.gov.uk/government/publications/uk-australia-fta-summary-of-chapters/uk-australia-free-trade-agreement-chapter-explainers#trade-remedies
  2. Australia-UK FTA negotiations: agreement in principle. Australian Government, Department of Foreign Affairs and Trade. Available from: https://www.dfat.gov.au/trade/agreements/negotiations/aukfta/australia-uk-fta-negotiations-agreement-principle

further
reading

parfum_fragrance_allergen_1
cosmetic products

EU to set Labelling Requirements for 56 additional Fragrance Allergens in Cosmetic Products

World Trade Organization (WTO) has been notified by the European Commission of a draft amendment to Regulation (EC) No 1223/2009 as regards labelling of fragrance allergens in Cosmetic Products. The proposed date of adoption of the new regulation is expected to be in the first half of 2023 and the propose date of entry in force 20 days from the publication in the Official Journal of the European Union.

Read More »
cosmetic products

New Amendments to the European Cosmetics Regulation – CMR Substances

The European Commission published the Commission Regulation (EU) 2022/1531, which amends Regulation (EC) No 1223/2009 in regards to the use in cosmetic products of certain substances classified as CMR. This amendment introduces new entries to Annex II and Annex III and revises an entry to Annex V to Regulation (EC) No 1223/2009.

Read More »
medical devices

EUDAMED – harmonized practices and alternative solutions for IVDR until the database is fully functional

EUDAMED is one of the key aspects of the new rules on in vitro diagnostic medical devices – Regulation (EU) 2017/746. However, it is only expected to achieve full functionality by the second quarter of 2024. Until then, how is the information submitted and/or exchanged between manufacturers, notified bodies and competent authorities?

Read More »
medical devices

EUDAMED – update on timelines

EUDAMED is one of the key aspects of the new rules on medical devices (Regulation (EU) 2017/745) and in vitro diagnostic medical devices (Regulation (EU) 2017/746), and it is expected to achieve full functionality by the second quarter of 2024.

Read More »
cosmetic products

UK OPSS call for data on six cosmetic ingredients

On 14 July 2022, the Office for Product Safety and Standards (OPSS – the UK regulator for cosmetic products) issued a call for data on the safety of the following six cosmetic ingredients to investigate any suspected endocrine disrupting properties. 

Read More »
cosmetic products

European Commission Recommendation on the Definition of Nanomaterial

Nanomaterials are increasingly used in cosmetics and personal care products. They are similar to other chemicals/substances, but with specific risks associated to their use. The European Commission has published a new Recommendation to clarify the definition of ‘nanomaterial’. This definition may serve different policy, legislative and research purposes when addressing materials or issues concerning products of nanotechnologies.

Read More »