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UK offered Brexit free trade deal with Australia


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Old 17-07-2016, 14:56
ayrshireman1
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'Australia has called for a free trade deal with Britain following its exit from the European Union.

Theresa May described the move as "very encouraging" and insisted it showed Brexit could work for Britain.

In a phone call to the new PM, her Australian counterpart Malcolm Turnbull said he urgently wanted to open up trading between the two countries.

Liam Fox, the new international trade secretary, said he was already "scoping about a dozen free trade deals".'
http://www.bbc.co.uk/news/uk-politics-36818055
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Old 17-07-2016, 15:13
FusionFury
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Amazing really. I think the exit from the EU is going better then most envisaged it going.

People queuing up to do deals with us, and probably a lot more that haven't been reported yet doing informal talks behind the scenes.

Project Fear? do one !! it is only the small minority who are still spouting negative nonsense about Brexit..
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Old 17-07-2016, 15:16
B-29
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Amazing really. I think the exit from the EU is going better then most envisaged it going.

People queuing up to do deals with us, and probably a lot more that haven't been reported yet doing informal talks behind the scenes.

Project Fear? do one !! it is only the small minority who are still spouting negative nonsense about Brexit..
Wait for it, remainers inbound with doom and gloom !
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Old 17-07-2016, 15:17
Majlis
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I see that Canada is now getting rather concerned that their Free Trade Deal with the EU will not include the UK and have suggested that it will apply to the UK even if we leave the EU - not sure how that will go down with the EU..
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Old 17-07-2016, 15:19
FusionFury
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I see that Canada is now getting rather concerned that their Free Trade Deal with the EU will not include the UK and have suggested that it will apply to the UK even if we leave the EU - not sure how that will go down with the EU..
We are a big player power nation, of course countries will deal with us. It was naive to think they woudn't, remainers tried to use every scare tactic.. but still lost !
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Old 17-07-2016, 15:19
Stuart_h
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Hold on ....... Does this mean the sky isn't falling ?

What's plan B for remainers to moan about ?
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Old 18-12-2016, 12:17
Sam_Clarke1
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The Australian High Commissioner was just on the Sunday Politics

Said some very positive things

Interestingly (to me anyway), it only took 15 months for Australia and the USA to negotiate a free trade deal. He said this was because of the will of the Governments to get it done as quickly as possible
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Old 18-12-2016, 12:39
MARTYM8
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I see that Canada is now getting rather concerned that their Free Trade Deal with the EU will not include the UK and have suggested that it will apply to the UK even if we leave the EU - not sure how that will go down with the EU..
We should have our own trade deal with Canada. I am sure Canada's Head of State could help oil the wheels supplemented by a few snaps of Prince George in Toronto and Montreal.
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Old 18-12-2016, 13:01
starry_rune
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This is great news, especially for Neighbours and Home and Away fans because if this leads to free movement the possibilities are endless. We already trade tv shows so might aswell add a few more.
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Old 18-12-2016, 13:05
Jayceef1
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The Australian High Commissioner was just on the Sunday Politics

Said some very positive things

Interestingly (to me anyway), it only took 15 months for Australia and the USA to negotiate a free trade deal. He said this was because of the will of the Governments to get it done as quickly as possible
That's the benefit of doing a one v one negotiation as opposed to a one v 28 negotiation where you have multiple concerns to address because what suits one of the 28 may not suit all or some of the rest. Hence the 7 year timeframe for the EU deal with Canada and was delayed further because of objections by one region of Belgium.

We should be able to do many such deals on a one to one basis in a relatively short time frame because both sides will want a quick deal.
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Old 18-12-2016, 13:35
Kiteview
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Of course Australia wants to do a deal with us as we are one of its biggest export markets.

By way of contrast, it isn't that important to us. We do more trade with Poland, so having to pay tariffs on exports to Poland alone, never mind the rest of the EU & EEA, will cost us far more than any savings we make on not having to pay them on exports to Australia.
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Old 18-12-2016, 14:02
Mark_Jones9
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Of course Australia wants to do a deal with us as we are one of its biggest export markets.

By way of contrast, it isn't that important to us. We do more trade with Poland, so having to pay tariffs on exports to Poland alone, never mind the rest of the EU & EEA, will cost us far more than any savings we make on not having to pay them on exports to Australia.
If that is true the UK government should really get round to updating their doing business in webpages.

Australia is the UK’s 12th biggest export market. The UK’s total goods and services exports to Australia were almost £10 billion in 2013,
Top 10 UK exports to Australia (2014):
road vehicles
medicines and pharmaceuticals
general industrial machinery
specialised machinery
professional and scientific instruments and apparatus
power generating machinery and equipment
electrical machinery and appliances
beverages
apparel and clothing accessories
metal manufactures
https://www.gov.uk/government/public...g-to-australia

Poland is the 19th largest export market for the UK with exports worth £3.83 billion in.2013
Main UK exports to Poland include:
electromechanical products
chemicals
mechanical devices
https://www.gov.uk/government/public...d-export-guide
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Old 18-12-2016, 14:04
Morlock
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'Australia has called for a free trade deal with Britain following its exit from the European Union.
Great news, Britain needs more lamb chops.
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Old 18-12-2016, 14:05
starry_rune
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This Australian also has the right idea on immigration
https://www.facebook.com/uniladmag/v...type=2&theater
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Old 18-12-2016, 14:11
Jayceef1
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Of course Australia wants to do a deal with us as we are one of its biggest export markets.

By way of contrast, it isn't that important to us. We do more trade with Poland, so having to pay tariffs on exports to Poland alone, never mind the rest of the EU & EEA, will cost us far more than any savings we make on not having to pay them on exports to Australia.
That's not exactly true
Exports to Poland in 2015 £3.6bn Exports to Australia in 2015 £3.8bn
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Old 18-12-2016, 14:14
Mr Oleo Strut
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'Australia has called for a free trade deal with Britain following its exit from the European Union.

Theresa May described the move as "very encouraging" and insisted it showed Brexit could work for Britain.

In a phone call to the new PM, her Australian counterpart Malcolm Turnbull said he urgently wanted to open up trading between the two countries.

Liam Fox, the new international trade secretary, said he was already "scoping about a dozen free trade deals".'
http://www.bbc.co.uk/news/uk-politics-36818055
We are already in the biggest free trade area in the world. With great respect to Australia they can never equal the advantages of being part of the EU. And Fox, discredited defence secretary? I would not trust him to scope anything but his own advancement. The man is seriously flawed and incompetent, like many of his colleagues, and not fit to hold high public office.
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Old 18-12-2016, 15:34
clinch
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It's already happening in preparation for when we officially leave.

https://www.gov.uk/government/news/j...and-investment
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Old 18-12-2016, 15:37
Kiteview
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If that is true the UK government should really get round to updating their doing business in webpages.

Australia is the UK’s 12th biggest export market. The UK’s total goods and services exports to Australia were almost £10 billion in 2013,
Top 10 UK exports to Australia (2014):
road vehicles
medicines and pharmaceuticals
general industrial machinery
specialised machinery
professional and scientific instruments and apparatus
power generating machinery and equipment
electrical machinery and appliances
beverages
apparel and clothing accessories
metal manufactures
https://www.gov.uk/government/public...g-to-australia

Poland is the 19th largest export market for the UK with exports worth £3.83 billion in.2013
Main UK exports to Poland include:
electromechanical products
chemicals
mechanical devices
https://www.gov.uk/government/public...d-export-guide
No doubt the webpages are out of date.

As can be seen here:

https://www.uktradeinfo.com/Statisti.../ctys_1610.xls

Australia is at #21, Poland at #18.

Hence a trade deal with Australia is no substitute for a trade deal with Poland, never mind the rest of the EU & EEA. Betting our economy on Australia would be as stupid as betting our economy on Poland - anyone suggesting we do the latter would be ridiculed, so the idea we should bet it on Australia is equally ridiculous.
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Old 18-12-2016, 15:52
Kiteview
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That's not exactly true
Exports to Poland in 2015 £3.6bn Exports to Australia in 2015 £3.8bn
See above link.

And the point of my post is that a deal with Australia would be comparable to a deal with Poland in terms of size. An Australia deal (or a Polish one) just isn't a substitute for our current trade arrangements that have as a member of the EU and EEA.

It is akin to saying that as both a Premiership team and the local Under 8 Girls' team play football, we'll enjoy the same standard of play at matches if we replace watching the former with the latter.
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Old 18-12-2016, 16:41
allaorta
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See above link.

And the point of my post is that a deal with Australia would be comparable to a deal with Poland in terms of size. An Australia deal (or a Polish one) just isn't a substitute for our current trade arrangements that have as a member of the EU and EEA.

It is akin to saying that as both a Premiership team and the local Under 8 Girls' team play football, we'll enjoy the same standard of play at matches if we replace watching the former with the latter.
You may all be losing sight of how much Poland exports to Britain. Don't want our Polish population suffering a price hike in their dinners if there's a tit-for-tat import duty.
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Old 18-12-2016, 16:58
Jayceef1
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See above link.

And the point of my post is that a deal with Australia would be comparable to a deal with Poland in terms of size. An Australia deal (or a Polish one) just isn't a substitute for our current trade arrangements that have as a member of the EU and EEA.

It is akin to saying that as both a Premiership team and the local Under 8 Girls' team play football, we'll enjoy the same standard of play at matches if we replace watching the former with the latter.
My point being that our trade with Poland is probably at saturation point as being already in the EU. Whereas our trade with Austalia, already on a par with Poland, will grow substantially with a free trade deal. You should not focus on the here and now but on the future possibilities.
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Old 18-12-2016, 17:56
Dotheboyshall
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Liam Fox signs trade deal with Canada which locks in the privatisation of public services and will permit corporations across the North America to sue European governments in a private justice system.
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Old 18-12-2016, 20:06
Kiteview
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You may all be losing sight of how much Poland exports to Britain. Don't want our Polish population suffering a price hike in their dinners if there's a tit-for-tat import duty.
Not in the slightest. In the event of an exit, we won't be doing a standalone deal with Poland but rather with the EU as a whole and, if you note, there wasn't a queue of other EU leaders begging T May to have a deal with us at the latest EU Council meeting.
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Old 18-12-2016, 20:08
DocumentaryFan
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For the record....

The population of Australia: 23 million

The population of the EU (minus the UK): 444 million

So tell me, which is the more important market, both in terms of current value and future potential?

This is great news, especially for Neighbours and Home and Away fans because if this leads to free movement the possibilities are endless.
So the idea of free movement is desirable when it involves non-European countries but a major, almost existential problem when it comes to other European nations?
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Old 18-12-2016, 20:24
Jayceef1
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For the record....

The population of Australia: 23 million

The population of the EU (minus the UK): 444 million

So tell me, which is the more important market, both in terms of current value and future potential?



So the idea of free movement is desirable when it involves non-European countries but a major, almost existential problem when it comes to other European nations?
We have been in the EU for over 40 years. Any potential growth would have happened by now. Our exports to the EU are declining whereas a free trade deal with Australia will lead to an increase in trade. No one is suggesting one deal with one country will replace any lost trade but we have the opportunity with over 160 as opposed to 27. The population of the 160 will be massively more than the 444 million in the EU
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