The Prime Minister's announcement on a Free Trade Agreement with the United Kingdom is a win for Australian exporters, businesses and workers, Business Council chief executive Jennifer Westacott said.

"Australia is going to the front of the pack, set to become the UK's most ambitious post-Brexit trade partner.

"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.

"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.

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

"The deal paves the way for more ambitious trade outcomes in our region and globally.

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

“The economic gains from unlocking more trading opportunities will be made even greater if we take gradual, careful steps to reopen borders and critical sectors of the economy.

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