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Category: Trade / Business, Economics and Finance / World Politics / Government and Politics

Turnbull sets sights on post-Brexit British free trade deal

Monday, 5 Sep 2016 04:25:53 | Bill Birtles

Mr Turnbull says Australia is well placed to clinch the first free trade deal with a post-Brexit United Kingdom. (Reuters: Aly Song)

Prime Minister Malcolm Turnbull will seek to lay the groundwork for a post-Brexit free trade deal when he meets Britain's Prime Minister Theresa May at the G20 today.

World leaders meeting in China are under pressure to work out a joint approach to revive global growth on the final day of the G20 summit.

Leaders of more than 20 nations at the summit are yet to forge a clear plan to recharge the global economy.

Ahead of his first meeting with Ms May, Mr Turnbull said he was keen for Australia to clinch Britain's first post-EU trade deal, and would raise the prospect when he met Ms May.

While G20 leaders meeting in Hangzhou have expressed concerns about the economic fallout of the UK's decision to leave the EU, Mr Turnbull said he saw it as an opportunity.

He said Australia could be well placed to clinch the first free trade deal once the UK formally leaves.

He will also meet French President Francois Hollande at the G20, and take part in talks on targeting international tax avoidance — a key focus for the summit.

Leaders are striving to come up with a joint statement on fresh ways to revive the global economy before the summit ends.

But a common theme is a push back against rising calls for protectionist policies.

AustraliaPlus


 

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