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UK and Australia sign free trade agreement

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Summary

[Britain and Australia sign a free trade agreement]According to CCTV News on the 17th, on the 16th local time, the British government issued an announcement stating that it signed a free trade agreement with Australia. The final trade agreement. The agreement is expected to enter into force next year. The agreement is expected to increase the volume of trade between the United Kingdom and Australia by 53% and promote 10.4 billion pounds in additional trade.

According to CCTV News on the 17th, on the 16th local time, the British government announcedannouncementSaid that the signing of a free trade agreement with Australia is also the first trade agreement that the UK negotiated from scratch and finally reached after Brexit. The agreement is expected to enter into force next year. The agreement is expected to increase the volume of trade between the United Kingdom and Australia by 53% and promote 10.4 billion pounds in additional trade.

In 2020, the United Kingdom is Australia’s fifth largest trading partner, with a trade volume of 13.9 billion pounds (approximately RMB 125.25 billion).

(Article Source:SecuritiesTimes Network)

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