{"id":128946,"date":"2019-08-05T21:10:07","date_gmt":"2019-08-05T21:10:07","guid":{"rendered":"https:\/\/www.bnreport.com\/australias-uk-envoy-sees-hope-of-trade-deal-by-end-of-2020\/"},"modified":"2019-08-05T21:10:07","modified_gmt":"2019-08-05T21:10:07","slug":"australias-uk-envoy-sees-hope-of-trade-deal-by-end-of-2020","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/australias-uk-envoy-sees-hope-of-trade-deal-by-end-of-2020\/","title":{"rendered":"Australias UK envoy sees hope of trade deal by end of 2020"},"content":{"rendered":"<p>Assuming Britain leaves the EU October 31, Australia is optimistic it can strike a trade pact with London \u201cbefore the end of 2020\u201d or even sooner, according to its U.K. envoy George Brandis.<\/p>\n<p>\u201cThe reason I take that date is that it only took 15 months for Australia to complete our very, very ambitious FTA [free trade agreement] that is with the U.S. some 15 years ago,\u201d the Australian high commissioner told <a href=\"https:\/\/www.politico.eu\/newsletter\/london-playbook\/politico-london-playbook-about-that-majority-australias-man-in-london-new-signings\" rel=\"noreferrer noopener\" target=\"_blank\">POLITICOs London Playbook<\/a>. \u201cThe political will to do it is there.\u201d<\/p>\n<p>Whether the U.K. managed to strike a deal with the EU before leaving the bloc likely wouldnt change things, Brandis said.<\/p>\n<p>\u201cI think myself that the shape of an FTA between the U.K. and Australia will be pretty much the same whether it is a no-deal Brexit or a Brexit with a deal, assuming that, as I think we may, that that deal doesnt include a customs union or other trade restrictions on dealing with third-party nations,\u201d he said.<\/p>\n<p>Brandis urged the U.K. to take a positive view of its trade future after leaving the EU, telling pessimists to \u201clook at the Australian experience.\u201d Australia conducts 70 percent of its trade with countries with which it has trade agreements. \u201cMy advice to the U.K. government is to be bold and not be afraid of free trade agreements,\u201d Brandis said.<\/p>\n<p>Brandis pointed out that commodity trading between Australia and the U.K. is still \u201crelatively modest\u201d \u2014 though the biggest trade is wine. His favorite? \u201cYou cant go wrong [with] a Penfolds \u2014 at whatever price point.\u201d But what about British wine? \u201cSome of it is very nice,\u201d he conceded, but \u201cI think the United Kingdom wine industry would have a way to go to match an Australian shiraz.\u201d<\/p>\n<p>Brandis, a former Australian Liberal Party senator who served in the conservative Howard, Abbott and Turnbull administrations, said he was a fan of the new British prime minister.<\/p>\n<p>\u201cWhat excites me about Bor<a href=\"https:\/\/www.politico.eu\/article\/australias-uk-envoy-sees-hope-of-trade-deal-by-end-of-2020\/?utm_source=RSS_Feed&amp;utm_medium=RSS&amp;utm_campaign=RSS_Syndication\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Read More \u2013 Source<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assuming Britain leaves the EU October 31, Australia is optimistic it can strike a trade pact with L..<\/p>\n","protected":false},"author":1,"featured_media":128947,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-128946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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