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Expected to conclude trade agreement with UK and Australia Within months after leaving EU

2019-09-18T05:49:38.502Z


[Sydney 18th Reuters]-Truss International Trade Minister Truss expressed his expectation to conclude a comprehensive trade agreement with Australia within a few months of Britain's withdrawal from the EU. Breg in the UK


[Sydney 18th Reuters]-Truss International Trade Minister Truss expressed his expectation to conclude a comprehensive trade agreement with Australia within a few months of Britain's withdrawal from the EU.

The UK aims to conclude trade agreements with countries outside the EU to reduce the impact of Brexit on the economy.

“The reason for choosing Australia as one of the first visiting countries as a trade minister is that the top priority is to conclude a trade agreement with the country,” said the minister visiting Australia. . He expressed his expectation that the trade talks that will start after the withdrawal will be "summarized in months rather than years".

He is visiting Australia, New Zealand and Japan.

British Prime Minister Johnson has announced that he will withdraw from the deadline of October 31st, regardless of whether he has agreed with the EU, but the parliament has approved a draft withdrawal agreement with the EU by October 19 this month. Otherwise, it passed a bill that would require Prime Minister Johnson to ask the EU to postpone a three-month withdrawal.

According to Australian data, the size of bilateral trade between the country and the UK is equivalent to A $ 26.6 billion ($ 18.22 billion).

Australia's Birmingham Trade, Tourism and Investment Minister told reporters that the agricultural sector would benefit especially if a trade agreement with the UK was signed.

Source: asahi

All news articles on 2019-09-18

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