Sunak heralds major Brexit win as Australia free trade deal finalised

Rishi Sunak has hailed a major post-Brexit breakthrough, as the Prime Minister finalised the post-Brexit trade agreement with Australia today. Mr Sunak met with Australian Prime Minister Anthony Albanese this morning, as the landmark deal between the two countries comes into force this month. The Prime Minister said the deal will “boost innovation and increase highly skilled jobs across the UK”.

He said: “As some of our closest allies, and greatest friends, I am delighted our first built-from-scratch trade deals are with Australia and New Zealand.

“These landmark deals squarely deliver on my priorities to drive economic growth, boost innovation and increase highly skilled jobs across the UK, ensuring we and our closest friends continue to prosper for generations to come.”

Business and Trade Secretary Kemi Badenoch added: “With these two deals the UK is using our status as an independent trading nation to tailor agreements to our country’s economic strengths.

“Alongside our recent conclusion of talks to join CPTPP, the government is forging a bold new future alongside the world’s most dynamic and fast-growing economies.

“Putting these trade deals into action will help create new opportunities for business, boosting wages and helping spur economic growth.”

The UK concluded its talks to join CPTPP last month, which will grant the UK access to a trade area worth £9 trillion.

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