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UK and Australia agreed on historic free trade agreement

UK and Australia agreed on historic free trade agreement_50.1

A new free trade agreement with the United Kingdom will deliver more Australian jobs and business opportunities for exporters, bringing both countries closer together in a changing strategic environment. Prime Ministers Scott Morrison and Boris Johnson have agreed on the broad outlines of an Australia-UK Free Trade Agreement (FTA).

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The FTA is the right deal for Australia and the United Kingdom, with greater access to a range of high-quality products made in both countries as well as greater access for businesses and workers, all of which will drive economic growth and job creation in both countries. Australian producers and farmers will receive a significant boost by getting greater access to the UK market.

Important takeaways for all competitive exams:

  • UK Capital: London;
  • UK Prime minister: Boris Johnson;
  • UK Currency: Pound sterling;
  • Australia Capital: Canberra;
  • Australia Currency: Australian dollar;
  • Australia Prime minister: Scott Morrison.

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