Britain expects to reach a trade agreement with Australia as soon as possible after "Brexit"

According to media reports, British International Trade Minister Elizabeth Trass said on the 18th that she hopes to complete a wide-ranging trade agreement with Australia within a few months after the Brexit.

According to the Associated Press, Trass and Australian Trade Minister Simon Birmingham met and the two sides laid the foundation for the establishment of bilateral trade relations after the British "Brexit". Tras said that he hopes to reach a trade agreement with Australia in the months after the "Brexit" in the UK, not in a few years.

The chaos in the political situation in the UK is currently adding more uncertainty to the prospect of Brexit and making its trade prospects questionable. According to media reports, the British government is also stepping up trade consultations with non-EU countries to minimize the negative impact of Brexit on the economy. The UK is seeking a series of trade agreements with smaller economies of non-EU countries. Trass said that he hopes that the trade negotiations initiated by the United Kingdom after the "Brexit" will be able to achieve results quickly. She is currently on her way to Australia, New Zealand and Japan.

The data shows that the bilateral trade volume between Australia and the United Kingdom is A$26.6 billion, and the UK is Australia's seventh largest trading partner. Birmingham said that the trade agreement with the UK will be particularly helpful for the export of the Australian agricultural sector. Birmingham said that when the UK was part of the European Union, Australia's agricultural products had limited market access in the UK, and Australia is seeking to expand market access after the Brexit.

The EU summit is scheduled to be held on October 17th, when the British "Brexit" will be discussed, including whether the British side should postpone "Brexit" again. European Union Commission Chairman Jean-Claude Juncker warned on the 18th that although the EU still has the hope of reaching the EU's agreement to leave the EU, the risk of "no agreement to leave the EU" is still "very real." Juncker said that British Prime Minister Boris Johnson met with him on the 16th and said that the British side still hopes to reach a "Brexit" agreement with the EU, but whether or not an agreement is reached, the British side will "Broke" on October 31 as scheduled.

Juncker said that suddenly "cutting off the economy and partnership with the EU in a "no agreement" way, "maybe the choice of the UK, but it will never be the choice of the EU"; the British side must submit a "reality plan" instead of the existing "off" "Backup arrangements" in the European Union Agreement. The “backup arrangement” is designed to ensure that there is no “hard boundary” between the Northern Ireland region and Ireland, such as physical customs and border inspection facilities. The British side’s proposal to cancel the “backup arrangement” has not been recognized by the European Union, and no alternative to “backup arrangements” has been issued so far.

The internal documents released by the British government on the 11th show that the “worst case” that may occur in “no agreement to leave the EU” includes serious cargo shortages, shortage of food and medicine and public order disorder.

The business community in Germany, Europe's largest economy, is deeply concerned about the risk of “no agreement to leave the EU”. The German Industry Federation said on the 18th that the UK’s “no agreement to leave the EU” would have a negative impact on German employment. According to DPA news agency, Joachim Lang, managing director of the German Industry Federation, said that about 500,000 jobs in Germany depend on economic cooperation with the UK. If the UK and the EU do not reach an agreement, they will withdraw from the EU and may affect Germany. With tens of thousands of jobs, production in Germany will be disrupted and demand for German products in the UK may fall sharply. The German Industry Federation predicts that the UK’s “no agreement to leave the EU” will have an impact on Germany’s economic growth, and the German economy will be stagnant this year.

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