UK-Australia set to announce a post-Brexit trade deal

The United Kingdom and Australia are set to announce a free trade agreement Tuesday as Britain continues to forge new economic relationships post-Brexit.

Australian Prime Minister Scott Morrison and British Prime Minister Boris Johnson will detail the plan during London morning hours at 10 Downing Street_ a Morrison spokesperson told.

"Their agreement is a win for jobs_ businesses_ free trade and highlights what two liberal democracies can achieve while working together_" the spokesperson said_ adding that the countries intend to finish drawing up the deal by November and enact it by July 2022.

The United Kingdom has been brokering new trade arrangements since leaving the European Union early last year. Brexit created massive uncertainty for Britain_ raising fears about how well the country would be able to strike deals with its most critical trading partners_ or risk facing enormous trade barriers.

The UK reached a deal late last year with the European Union_ one of its most critical economic partners. Britain has also negotiated with the United States on some issues  including suspending some tariffs  but a broader deal with Washington remains elusive.

The economic impact of Britain's agreement with Australia is likely to be quite small_ according to Mark Melatos_ an associate professor of economics at the University of Sydney.

UK farmers had been expressing frustration over whether a deal would hurt their business by allowing for cheap imports of agricultural goods. But Melatos said any concessions on agriculture would likely be phased in over a long period of time_ and would probably include safeguards to protect farmers from being undercut from cheap imports to the United Kingdom.

"I think the thing to watch for are the mooted concessions on human movement between the UK and Australia_ including relaxing visa requirements for travel and mutual recognition of professional qualifications_" he said.