The United Kingdom government signed a Free Trade Agreement with Australia on December 17, 2021, hoping it would unlock £10.4bn of additional trade, a 50 percent increase on annual trade in the preceding year, while ending tariffs on all UK exports.

​The United Kingdom government signed a Free Trade Agreement with Australia on December 17, 2021, hoping it would unlock £10.4bn of additional trade, a 50 percent increase on annual trade in the preceding year, while ending tariffs on all UK exports.