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Australia and UK seek trade agreement

The Australian government is looking for a new trade agreement with United Kingdom, in view of the future exit of UK from the European Union, which could mean new opportunities for investments for the former and a return to direct negotiations for the latter.

For the moment there were only unofficial talks, but both countries set up working groups, with meeting involving Prime Ministers as well. The agreement will focus on different aspects of the economy and industry of the two countries, such as pharmaceuticals, health and science.

A future deal could represent a great opportunity for the two countries, that could also involve a regulatory mutual recognition and more cooperation on investments, intellectual property, research and tax policies.