Export Control Organisation
March 2
17:26
2023
Details
The Explanatory Memorandum is a document presented to parliament that provides an explanation of the general effect of the UK-Australia Free Trade Agreement.
The Explanatory Memorandum can be an invaluable means for understanding why the trade agreement was enacted, what it was designed to achieve, and what it actually means.
The agreement is not yet in force. Both the UK and Australia are required to complete their respective domestic procedures for the agreement to come into effect. Once approved by both parliaments, businesses will be able to trade under its terms.