Rail Industry welcomes signing of Australia-UK Free Trade Agreement
The Railway Industry Association (RIA), the trade body for the UK rail supply community, has welcomed the signing of a trade agreement between Australia and the UK.
Darren Caplan, Chief Executive of the Railway Industry Association (RIA), said: “The signing of the UK-Australia Free Trade Agreement today is really positive news for the railway industry, supporting UK rail suppliers in developing greater trade ties with one of their top priority markets.
“A number of UK rail companies are already well established in Australia, but this Free Trade Agreement will allow greater trade and co-operation between the two industries by opening up Australian Government contracts to suppliers and removing tariffs on railway products.
“Ultimately, this Agreement will support sustainable transport both in the UK and Australia, and the jobs, investment and economic growth our railways bring to both nations.”