The Australian and UK governments are preparing to finalise their trade agreement in time for the COP26 climate change summit in November, when Australian Prime Minister, Scott Morrison, will be in Britain.
The UK and Australia reached an agreement in principle on a post-Brexit trade deal in June 2021, when Morrison was in Britain for the G7 summit.
UK Prime Minister, Boris Johnson, said the new agreement marked a “new dawn” in the UK’s relationship with Australia, and will pave the way for future concessions regarding visas and mobility for citizens.
The Department for International Trade (DIT) confirmed that the two negotiating teams were beginning the process of preparing the documents for signature, but refused to set out a timeline.
“This deal delivers for Britain and shows what we can achieve as a sovereign trading nation,” said a DIT spokesperson.
“It is a fundamentally liberalising agreement that removes tariffs on all UK exports, opens new opportunities for our services providers and tech firms, and makes it easier for our people to travel and work together.”
The department, led by Secretary of State for International Trade, Liz Truss, is also confident of reaching an agreement in principle with New Zealand on a post-Brexit trade deal this month.
Last week, she stated that the UK was “closing in” on a deal with Wellington and that there had been “great progress” in the latest round of talks.
CANZUK International welcomes the progress made towards signing the comprehensive agreement between Australia and the UK, and will continue to work with British and New Zealand officials to ensure that a trade deal is finalized that includes freer movement of citizens and mutual skills recognition between the two nations.
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