UK hopes for early free trade deal with Australia after leaving EU
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February 07, 2023

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TUESDAY, FEBRUARY 07, 2023
UK hopes for early free trade deal with Australia after leaving EU

Global Economy

Reuters
06 February, 2020, 10:20 am
Last modified: 06 February, 2020, 10:29 am

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UK hopes for early free trade deal with Australia after leaving EU

After leaving EU on January 31 Britain entering a transition period which to negotiate its future relationship with Brussels and begin talks with other major economies such as the United States and Japan

Reuters
06 February, 2020, 10:20 am
Last modified: 06 February, 2020, 10:29 am
Photo: Reuters
Photo: Reuters

British Foreign Secretary Dominic Raab said he hopes a free trade deal with Australia will be one of the first agreements secured now that Britain has left the European Union.

Britain formally left the EU on January 31, entering a transition period which will allow it to negotiate its future relationship with Brussels and begin talks with other major economies such as the United States and Japan.

"We have a trade relationship already worth 17 billion pounds ($22.07 billion) but we have the potential to do so much more," Raab told reporters in Canberra.

"Australia hopefully will part of that first wave of high priority deals that we are pursuing."

World+Biz

Britain economy / UK economy / UK-Australia / trade deal

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