Brexit plan set to delay FTA with Australia

Original article by Hans van Leeuwen
The Australian Financial Review – Page: 9 : 19-Nov-18

The Australian-British Chamber of Commerce’s executive director Elizabeth Ames claims that British Prime Minister Theresa May’s proposed Brexit deal is "bad news" for both nations. The deal will put the UK in a customs union with the European Union until a longer-term free-trade agreement can be worked out. Ames says the UK could remain in the customs union indefinitely, during which time it would not be able to negotiate a trade deal with Australia or other nations. Australia exported $6.1 billion of goods to the UK in 2017, along with $5.4 billion worth of services.

CORPORATES
AUSTRALIAN-BRITISH CHAMBER OF COMMERCE, GREAT BRITAIN. OFFICE OF THE PRIME MINISTER

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