How Will Smes Benefit From The Uk-Australia Trade Agreement

The aim of the analysis is to indicate the potential impact of long-term changes in employment in different sectors for different groups. This is a preliminary assessment of the impact of the agreement on the labour market that may have a disproportionate impact on certain groups. In Scenario 2, the proportion of workers in sectors where employment is estimated to decrease relative to the starting value from an ethnic minority is 3%, which is lower than that of the 12% of ethnic minority workers who make up the total workforce. As a result, ethnic minority workers are not disproportionately concentrated in sectors where they are expected to reduce the size of their staff relative to the starting value. An early priority for the UK`s independent trade policy will be to negotiate a comprehensive free trade agreement with Australia. A free trade agreement between the UK and Australia would further strengthen our existing bilateral partnership, which builds on our shared heritage and values, as well as our extensive people-to-people relationships. The UK and Australia already enjoy a strong and growing trading relationship, with trade between Britain and Australia worth £15.3 billion in 2018. [Footnote 182] The UK is Australia`s third-largest investment partner and the 9th most popular destination for UK foreign direct investment (FDI). Australia is the 13th largest source of foreign direct investment in the United Kingdom. [footnote 183] Nine NGOs have called on the UK government to prioritise intellectual property in a free trade agreement between the UK and Australia and seven have expressed concerns. Some respondents saw a free trade agreement with Australia as an opportunity to set high standards for copyright protection, including artists` resale rights. Some objections were raised to broader exceptions and restrictions to copyright, with a preference for maintaining the current UK system.

There was also a commentary on GRs and concerns about the interaction with patent policy. It was also stressed that it was important for the UK to maintain its flexibility to limit intellectual property rights (as provided for in the WTO TRIPS Agreement) in order to support access to affordable medicines for low-income countries. One respondent also expressed concern about the loss of GIs in product labelling as a result of a trade agreement with Australia. The OECD Services Index (STRI) measures regulatory restrictions on trade in services in 22 sectors, with 0 being a sector that is fully open to foreign service providers and 1 is a completely closed sector. The most restrictive sectors in Australia are courier services, air transport and logistics freight. By the nature of the restriction, the restrictions are highest in Australia for its overseas entry restrictions (e.g.B. Capital restrictions for business ownership) and transparency of rules. Twenty-one clusters identified SME policy as a priority in their comments. Some interviewees identified several possibilities and insisted that SMEs be particularly taken into account as a group that is disproportionately affected by the costs and resources required by complex administrative procedures. Among the proposals to support SMEs in a future uk-Australia free trade agreement was a separate chapter on SMEs, which provides SMEs with market information, simplifies and harmonises procedures for future free trade agreements and provides better access to professional advice for SMEs. Eleven professional organisations expressed concerns about SME policy, many of whose responses correspond to those of enterprises. .

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