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TUESDAY, MAY 20, 2025
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.

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"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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