AustraliaBrexitFree MovementTradeUnited Kingdom

Australia Plans For UK Trade Deal “Within Weeks” Of Brexit

Australia’s Prime Minister, Scott Morrison, has confirmed that following the UK’s departure from the European Union, a trade deal between the two countries can and will be struck within a matter of weeks.

Prime Ministers Scott Morrison and Boris Johnson meet at the G7 summit (photo: The Australian)

Written by James Skinner

James is the founder & chief executive of CANZUK International in Vancouver, Canada

            

Morrison, who congratulated the UK’s Prime Minister, Boris Johnson, soon after his appointment as leader of the government, emphasized the Australian government’s eagerness to establish a new trade deal between the two world powers at the recent G7 summit in France.

As a current member of the European Union, the UK is unable to confirm it’s own trade deals, but following the scheduled Brexit of October 31st, the UK will be free to sign trading arrangements outside of the European market.

Morrison stated:

“The UK and Australia have the best of relationships and I have no doubt that Boris and I will be able to take this to a new level in the post-Brexit era.”

The UK is Australia’s eighth-largest trading partner in the world, and trade between the two countries is estimated to be worth £15 billion.

“Moving very quickly, when the opportunity presents, to be able to move to an agreement between the United Kingdom and Australia on trade…we will be one of the first cabs off the rank, as has been the case in our discussions with the UK for some time”, said Morrison.


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Canberra’s Trade Minister, Simon Birmingham, also stated this week that Australia could help the UK get a deal that would guarantee the free flow of agricultural and business products between the UK and Australia.

Birmingham said, “That will put us in a position where if the UK wanted to get the deal done in a period of months, maybe even weeks, we would be willing to move as swiftly as they were able to”.

Talks have also centered around the potential for Australia and the UK to establish migration agreements as part of any upcoming trade deal, as both The Liberal Party of Australia and the UK government, including Johnson himself, have expressed support in furthering CANZUK ties.

Morrison said, “This is a time of change for the United Kingdom, and I think the new prime minister will bring a new opportunity…I wish him all the best”.

CANZUK International will continue to work with government officials and diplomats in the United Kingdom and Australia, and ensure that free movement and trade between Canada, Australia, New Zealand and the United Kingdom is recognised as a priority policy following the UK’s upcoming departure from the European Union on October 31st, 2019.

      
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