Home » Australia and the United Kingdom reached a free trade agreement to further break away from the Chinese market | Free Trade Agreement | Brexit

Australia and the United Kingdom reached a free trade agreement to further break away from the Chinese market | Free Trade Agreement | Brexit

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[Epoch Times, June 15, 2021](Epoch Times reporter Tian Rui, Sydney, Australia) After months of negotiations, Australian Prime Minister Morrison and British Prime Minister Johnson discussed the issues of the two countries after the G7 summit. Free trade agreement reached agreement in principle.

According to the Nine News Network, Morrison and Johnson made progress in free trade agreement negotiations at the work dinner on June 14. The two leaders each gave in at the last minute. The Office of the Prime Minister of Australia confirmed that the meeting between the two sides has made positive progress and the issues related to the free trade agreement have been resolved.

Australian Federal Treasury Secretary Josh Frydenberg said that both Australia and the United Kingdom will benefit from the free trade agreement. After Brexit, it is important for both countries to seize this opportunity.

According to the report, this is the first important trade agreement after Brexit, and Australian exporters can also get more export channels through this agreement and get rid of the unstable Chinese mainland market. The agreement is expected to bring Australia 1.3 billion Australian dollars in economic benefits each year.

Australian Trade Minister Dan Tehan said in a statement that the agreement is “a victory for employment, business and free trade, highlighting the achievements that two free democracies can achieve in cooperation”.

At present, the high-level economic dialogue between China and Australia has been suspended. When the CCP refused to resume the dialogue, Morrison reiterated during the G7 summit that Australia hopes to resume economic dialogue, and the current interruption of the dialogue is a problem for Beijing.

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Visa reforms are expected to be covered in the Australia-UK Free Trade Agreement, making it easier for young people and professionals to enter and exit the country. The principled agreement reached by the two countries still needs to be passed in their respective parliaments to take effect.

The analysis article of the “Sydney Morning Herald” pointed out that a few days ago, Morrison, who arrived in the UK to attend the G7 summit, said that in order to reach a suitable agreement with the UK, he was ready to wait. And Morrison is not bluffing, because Britain needs this free trade agreement more than Australia. Unlike Johnson, Morrison did not face domestic political pressure to reach an agreement. ◇#

Editor in charge: Zong Minqing

For more real-time news and life information in Australia, please click dajiyuan.com.au
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