Objective 5.3

Businesses are aware of and use free trade agreement outcomes

Action 5.3D

In progress

Industry will promote awareness and use of free trade agreements within their sector and provide information to Government on opportunities to increase outreach for the services sector.

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Outcome 5
Outcome 5
Information-driven policies and business strategies
Industry
recommendation/s
Description
Government response
Related Action/s
14B

DFAT and Austrade should work with regulators and industry bodies to increase FTA-related outreach and training for the services sector, delivered both in-person and through digital platforms.
Noted
Action 5.3A
Action 5.3B
Action 5.3C
Action 5.3D

Use of FTAs by Australian businesses and trade supported

A 2018 PricewaterhouseCoopers (PwC) report titled Free Trade Agreement Utilisation Study concluded FTAs were being widely used and have a positive impact on business confidence, activity, strategy, and expansion planning, including in the services sector.

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Progress to date

In June and July 2021, the Australian Services Roundtable co-hosted with the Institute for International Trade (IIT) at the University of Adelaide two webinars providing Stakeholder Perspectives on an Australia-United Kingdom Free Trade Agreement. Industry participants from TheCityUK, the UK Professional and Business Services Council, Universities UK and the Australian Services Roundtable participated in the interactive business discussion on the prospects for enhanced trade relations under the agreement.

Recordings of the sessions can be found here.