The finalisation of a free trade agreement with the United Kingdom is a win for Australian exporters, businesses and workers, Business Council chief executive Jennifer Westacott said.

"This record setting deal means Australians will get comprehensive tariff-free and mostly quota-free market access to the fifth largest economy in the world and our fifth largest trading partner.

“This agreement will also give both countries the opportunity to access the best skills and fill critical worker gaps that hold back big, recovery driving projects.

"Enhanced labour mobility and mutual professional recognition, will help create the industries Australia needs for the future, from professional services to the digital economy.

"Lowering barriers to key agriculture goods over time will be a significant boost to regional Australia and means UK consumers can better access Australia's world-class quality products.

"Australian exporters were effectively locked out of the UK market nearly 50 years ago, so it is great to see those opportunities return.

"We congratulate the Morrison government and Minister Tehan for raising the bar with this agreement, creating new opportunities for Australians and helping set Australia up for the future."