Seafood Industry Australia (SIA), the national peak-body representing Australia’s commercial seafood industry, has welcomed the recent signing of the free trade agreement between Australia and the United Kingdom.
“The agreement is expected to create a wealth of new opportunities for the Australian seafood industry and strengthen trade ties between our two nations,” said SIA CEO Veronica Papacosta. “Our Great Australian Seafood producers now have access to more than 65 million UK consumers who value our safe, healthy, and sustainably produced great Australian seafood. While UK consumers will have access to the greatest seafood in the world, tariff-free.”
The free trade agreement will help to increase the competitiveness of Australian seafood in the UK market and will provide Australian seafood companies with new opportunities to expand their international operations and diversify markets.
“Australian seafood exports to the UK were worth $720,000AUD in the 2020‑21 period. The new agreement is expected to significantly boost this figure in the coming years and help to drive growth and diversity within the Australian seafood industry,” said Papacosta.
The agreement will provide a much-needed boost to the Australian seafood industry, and is likely to support the growth and success of the industry for many years to come.
“The Australian seafood industry is committed to working closely with the Australian and UK governments to ensure that the new agreement is implemented smoothly and effectively. With its world-class seafood products and our commitment to sustainability, the Australian seafood industry is well-positioned to take advantage of the opportunities provided by this new agreement and to continue to grow and thrive in the years ahead.”
