FTA Case Study
Prospective Australia-United Kingdom Free Trade Agreement
The UK and Australian governments have committed to ensure an expeditious transition to FTA negotiations when the UK has left the European Union (EU). EU rules provide that the UK may not commence FTA negotiations with third-country parties until after Brexit.
The Department of Foreign Affairs and Trade (DFAT) is now welcoming submissions from interested individuals and groups on the potential opportunities and impacts of a future Free Trade Agreement (FTA) with the United Kingdom (UK). We encourage you to send your submissions and other ideas to the Chamber. We will include these in our submission to DFAT. Email these to: email@example.com
UK Cross-Border Trade in Services with Australia
An analysis of market access for financial services firms by the City of London.
Against the backdrop of the UK pursuing an independent trade policy, there is enhanced focus on the UK-Australia trading relationship .This report identifies policy areas where joint focus, either through free trade agreement negotiations or other trade tools such as mutual recognition agreements and regulatory dialogue, could address some common goals.
The report does so by seeking to understand the implications for UK based firms of the recent changes to the Australian licensing regime for foreign financial services providers. It also analyses the experiences of UK based firms doing business, or seeking to do business in Australia, in the fields of asset management, banking and payments. Finally, the report addresses some cross-cutting issues that have arisen out of our interviews and which affect firms across a range of sectors.
UK-Australia Mutual Recognition Agreement
The UK-Australia MRA contains the conditions under which each country will accept conformity assessment results from the other. It maintains the effects of the EU-Australia agreement in a bilateral context.
Australian British Chamber of Commerce Horizon Scanning Workshops Report
Between March and December 2018, the Australian British Chamber of Commerce delivered on behalf of the British High Commission four workshops to discuss opportunities among the British Australian business community for closer trade and investment between Australia and the UK.
The workshops were held in Sydney, Melbourne, Brisbane and Perth.
In part, discussion at the workshops focused on what may be made possible through an eventual Free Trade Agreement between Australia and the United Kingdom, after the UK leaves the European Union.
Austrade, UK Department for International Trade, Australia-UK Chamber of Commerce and Australian British Chamber of Commerce Investment Report
This report shines a spotlight on the strength of the bilateral investment relationship between Australia and the UK. The $800 billion invested by companies across sectors such as defence, education, technology and finance is driving economic growth and prosperity and as Australia and the UK look towards a future tradng relationship, provides the best possible basis for a comprehensive and ambitious bilateral free trade agreement.
City of London, International Investment Services and Australian British Chamber of Commerce Investment Reports
Commissioned by the City of London Corporation and produced by International Investment Service, this research forms part of the City’s ongoing programme of engagement and collaboration with Australia and New Zealand. This programme hopes to boost the UK’s trading and investment relationship with these two nations by highlighting the existing and future opportunities for UK financial and professional services companies in sectors such as FinTech, cyber security and asset management.
JOIN THE CHAMBER
If you are interested in becoming an integral part of the Chamber's programme of work in the FTA negotiations, become a Member today.
Follow this link.
How the Chamber will Play Its Role
The Chamber will deliver a range of activities and programme to ensure that your voice is heard during the negotiations through the following:
- Provide advice to both countries negotiating teams
- Have access for Members to the Chief Negotiators from both sides
- Have access to Ministers from both countries
- Produce an initial submission that will frame the key issues for our Members
- Host events to develop and evolve the depth of understanding of the requirements of industry
- Produce research and reports in certain areas where further detail is required
- Produce a final submission to address areas raised throughout the consultation and negotiation