UK and Australia agree first post-Brexit free trade deal
3 years, 9 months ago

UK and Australia agree first post-Brexit free trade deal

Al Jazeera  

British PM Boris Johnson says agreement marks ‘new dawn’ in relations between the UK and its former colony. ‘Global Britain at its best’ “Today marks a new dawn in the UK’s relationship with Australia, underpinned by our shared history and common values,” Johnson said in a statement. “This is global Britain at its best – looking outwards and striking deals that deepen our alliances and help ensure every part of the country builds back better from the pandemic.” Foreign Secretary Dominic Raab tweeted that the deal is “an important stepping stone” in efforts to join a free trade zone in the Indo-Pacific region – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. #GlobalBritain https://t.co/nwjt4KS86G — Dominic Raab June 15, 2021 The UK is Australia’s eighth-largest trading partner and Australia the UK’s 20th-largest, with two-way trade worth 26.9 billion Australian dollars. ‘A win for Australian agriculture’ Though further details about the deal have yet to emerge, some official estimates say the agreement could add 500 million pounds to UK economic output in the long term – a fraction for an economy worth around two trillion pounds.

History of this topic

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