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Prime minister Boris Johnson could reportedly offer Australia a 15-year transition to a zero-tariff, zero-quota trade pact, with the BBC reporting it was understood a Cabinet row over the matter had been resolved last night at Number 10.
Johnson chaired the meeting of senior colleagues, with international trade secretary Liz Truss and environment secretary George Eustice thought to be at odds over the proposals and the impact they might have on British farmers.
Despite reporting that Cabinet was now in agreement over the matter, a Downing Street spokesman said this morning “negotiations are still ongoing”.
Truss, who has said she wants an agreement in principle by early June, is thought to favour a zero-tariff, zero-quota approach in order to boost the flow of trade.
But such a move could leave British farmers vulnerable to competition from beef and lamb producers in…