Australia’s first free trade agreement with a dedicated chapter on innovation will come into effect at the end of the month, promising a new era of collaboration with the United Kingdom.
Prime Minister Anthony Albanese on Thursday evening, while in the UK for the Coronation, announced May 31 as the official starting date for the Australia-UK free trade agreement (A-UKFTA).
The A-UKFTA received Royal Assent in March following its passage through the UK Parliament, and was signed off in Australia last November.
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