The Australia-United Kingdom Free Trade Agreement (A-UKFTA) aims to support the high levels of environmental protection in Australia and the United Kingdom as appropriate in a trade agreement.
The FTA lays the foundations for Australia and the UK to work together to address a range of environmental challenges, including climate change, overfishing, and illegal wildlife trade.
Key outcomes include requirements to facilitate and promote trade and investment in environmental goods and services, and take measures to control production and trade of substances that can significantly deplete the ozone layer.
It includes measures to prevent the pollution of the marine environment from ships, and for Australia and the UK to work together to reduce marine litter.
The two countries will seek to operate science-based fisheries management systems, designed to prevent overfishing and over capacity.
The FTA promotes the conservation of sharks, marine turtles, sea birds and marine mammals by implementing and enforcing effective conservation and management measures.
It also promotes the conservation of wild flora and fauna, and includes measures to protect at-risk wildlife in each country’s territory.
The chapter includes provisions promoting cooperation on matters of mutual interest related to the conservation and sustainable use of biological diversity.
It also incorporates provisions promoting cooperation on matters of mutual interest related to tackling climate change, and transitioning to low emission economies, such as cooperation on clean and renewable energy sources, deforestation, and emissions and air quality monitoring.
If you’d like more information on how the FTA could benefit you or your business, get in touch today at hello@australiachamber.co.uk
The United Kingdom Chamber of Commerce is the leading organisation for commercialising opportunities between Australia and the United Kingdom.
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