This report from UK think tank Adam Smith Institute looks at free trade and movement between Australia and the UK.
This is a pivotal time in Britain’s history. The decision to leave the EU allows the UK to redefine its role in the world: to reemerge as a global champion of free trade and a defender of the rules-based international order. At the same time, the COVID-19 pandemic has shown that not all trading partners are as reliable as long-term friends and allies. Australia will welcome the return of a global Britain. Australia and the UK share unparalleled historical, cultural, legal and familial ties dating back to 1788. These ties have been strengthened through friendly rivalries on the sporting field and shared adversity on the battlefield. There is now an opportunity to strengthen these ties in the short term through a comprehensive free trade agreement that will remove barriers to trade, in the medium term provide the basis for greater economic integration, and in the longer term provide the foundation for an ambitious wider CANZUK agreement involving the commonwealth countries of Canada, Australia, New Zealand, and the UK.Read Full Report