Britain and Australia have agreed “in principle”to a free-trade agreement, the British government announced on Tuesday, a deal that will eventually eliminate tariffs between the two countries. It is Britain’s first major trade deal since it left the European Union and the agreement was reached in just under a year of negotiations. The deal will remove Australia’s 5 percent tariff on Scotch whisky exports. The agreement will also allow Britons under the age of 35 to travel and work in Australia more easily, the government said. “It is a fundamentally liberalizing agreement,” Liz Truss, the secretary of state for international trade, said in a statement.

Source: International New York Times June 15, 2021 11:15 UTC