Australian Prime Minister Anthony Albanese has announced that the Free Trade Agreement between Australia and the UK will commence on May 31. This follows the completion of UK domestic processes. The agreement will remove tariffs on almost all Australian exported goods and enable more Australians to take longer working holidays in the UK. The Australia-UK FTA (A-UKFTA) is a comprehensive agreement that represents one of the most ambitious free trade agreements concluded by Australia to date. Under the deal, many Australian businesses will gain significant benefits and create additional jobs as exporting becomes easier. Agricultural products such as beef, lamb, dairy, and sugar may take longer to export as tariff quotas are removed over the next ten years; meanwhile, Australia will have access to expanding tariff quota volumes. Australia will save approximately $200 million per year as UK imports enjoy no tariffs. All UK imports will enter Australia duty-free in five years’ time, making it easier for businesses to ease the cost of living for average Australians. The FTA will further assist the services exports, making it easier to do business in the UK market. The FTA also provides a foundation for professional bodies to reach a deal for qualified professionals between the two countries to help ease the skills shortage in Australia. The agreement will deepen the already strong bilateral business relationship between the two countries, with the UK being Australia’s second-largest direct foreign investment nation. After a two-year phase-in period, Australians will be able to apply for working holidays in the UK to the age of 35, and stay for a maximum of three years instead of two. UK citizens coming to Australia can also work for three years.