Australian Trade Minister Dan Tehan has said the UK and Australia have finalized a free trade agreement to be released this Tuesday.
This This is the 15th free trade agreement for Australia, the first agreement guaranteed by the UK since leaving the EU.
Tehan said British Prime Minister Boris Johnson and his Australian envoy Scott Morrison had reached an agreement during talks in London.
The two prime ministers held a positive meeting in London overnight to resolve the pending issues, ”he added.
“This deal is a success for jobs, businesses and free trade It shows what two liberal democracies can achieve when they work together, ”he said.
He announced that the Prime Minister would issue a formal announcement in London this morning and release additional information.
Gabriel Suder, an international business expert at RMIT University, said the deal was good news for both the UK and Australia.
This is especially good news for the UK (…) because it is the first Brexit agreement, which was actually newly created, newly traded, and negotiated at the time of one year’s registration, which is very unusual, “Flame stressed.
The UK is Australia’s fifth largest trading partner. Sudar said he hopes the deal will add $ 1.3 billion ($ 825 million) a year to the Australian economy.