This week I am visiting the United Kingdom to advance Australia’s ambitious trade agenda.
In London, I will meet my UK counterpart, Secretary of State for International Trade, the Rt Hon Liam Fox MP, and the Secretary of State for Environment, Food and Rural Affairs, the Rt Hon Michael Gove MP.
We will discuss the opportunity Brexit presents the UK to establish its own trade and agriculture policies and to commit to a future comprehensive bilateral free trade agreement.
We are preparing for negotiations through the Trade Working Group established in September 2016.
I also look forward to discussing the importance of preserving the rules-based international trading system.
Australia and the UK share fundamental objectives when it comes to trade - to resist protectionism and advocate for a global economy that promotes economic growth and creates jobs for our citizens.
My visit comes at a critical time of transition for the UK, and for our bilateral relationship.
While Brexit will change the framework for our engagement, it will not alter its foundations.
The UK is Australia’s fifth largest trading partner, with two-way trade valued at $27 billion in 2016-17. Investment is a cornerstone of our relationship, with the UK being the second-largest source of total foreign investment in Australia, valued at $515.5 billion in 2016.
A trade agreement with the UK will create new opportunities for Australian businesses; driving exports, economic growth and creating new jobs.
- Trade Minister's Office: (02) 6277 7420
- DFAT Media Liaison: (02) 6261 1555