• Wednesday, Aug 12, 2020
  • Last Update : 06:06 pm

UK to leave the EU on Australia terms if no deal reached

  • Published at 08:56 am July 8th, 2020
Angela Merkel Boris Johnson
File photo: German Chancellor Angela Merkel and Britain's Prime Minister Boris Johnson attend a news conference at the Chancellery in Berlin, Germany August 21, 2019. REUTERS/Fabrizio Bensch/File Photo

Australia does not have a comprehensive trade agreement with the EU. Much of EU-Australia trade follows default World Trade Organisation rules, though specific agreements are in place for certain goods

Britain is prepared to leave the European Union on the same terms as Australia has with the bloc if it cannot agree on a future trading deal, Prime Minister Boris Johnson told Germany’s Angela Merkel in a telephone call on Tuesday.

“On the future relationship, the prime minister underlined the UK’s commitment to working hard to find an early agreement out of the intensified talks process,” a Downing Street spokeswoman said.

“He also noted that the UK equally would be ready to leave the transition period on Australia terms if an agreement could not in the end be reached.”

Australia does not have a comprehensive trade agreement with the EU. Much of EU-Australia trade follows default World Trade Organisation rules, though specific agreements are in place for certain goods.

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