1. Overview On December 10, 2024, the UK signed its first post-Brexit Free Trade Agreement (FTA) with Australia. The deal aims to reduce trade barriers and strengthen economic partnerships, particularly in agriculture, automotive, and services sectors. 2. Key Details 2-1. Tariff Elimination in Agriculture Both nations agreed to eliminate tariffs on agricultural goods. UK consumers will benefit from cheaper Australian produce, while Australian farmers gain broader access to the European market. 2-2. Support for Automotive and Manufacturing UK car manufacturers gain tariff-free access to the Australian market. Australia’s steel and aluminum exports to the UK are expected to increase. 2-3. Enhanced Access to Service Markets The deal improves conditions for UK businesses in financial, legal, and educational services in Australia. 3. International Reactions 3-1. Domestic Reaction in the UK Former Prime Minister Boris Johnson hailed the deal as a "Brexit success story," showcasin...