Launch of Australia UK Free Trade Agreement

Thu, June 18th, 2020

The 17th of June marked the launch of free trade agreement (FTA) negotiations...

17th of June marked the launch of free trade agreement (FTA) negotiations between Australia and the United Kingdom. An FTA between our two nations, close allies with deep historical and people-to-people ties, will support the economic recovery from COVID-19 and take our bilateral trade and investment relationship to the next level.

Increasing trade will strengthen our supply chains and create new opportunities for our businesses recovering from the economic impact of COVID-19. The FTA will serve as a framework for an even closer economic partnership as the UK seeks to strengthen its engagement in the Indo-Pacific region. Together, the UK and Australia will promote a liberal free trading agenda that helps maintain an environment for long-term prosperity. To that end, Australia, as a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), welcomes the UK’s intention to join this group of committed free trading nations. Collectively CPTPP members represented 13% of global GDP in 2018. The UK is determined to turbocharge its economic activity through membership. The first round of negotiations will begin on 29 June in a virtual format.

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