Sky | 31 May 2020
Trade officials to discuss Australia-UK free trade deal within weeks
Australia is beginning to hold formal talks with the UK over its first post-Brexit free trade agreement.
Trade Minister Simon Birmingham said he is hopeful the bilateral FTA will be wrapped up by the end of the year, although UK authorities have not committed to a timeline.
Australian-British Chamber of Commerce CEO David McCredie said authorities believe official talks will begin in the middle of June.
Mr McCredie told Sky News the pandemic has shown the necessity of not “putting all eggs in one basket” when it comes to trade.
“There is a great opportunity for us to really re-look at our supply chains and decide what we want to be a part of in the future,” he said.
I think one of the things this crisis has taught us more broadly is you can’t put all your eggs in one basket, whether it is supply chains or markets.”