UK ready to quit EU on 'Australia terms' if no Brexit deal, PM Johnson says

WION Web Team
London, London, UK (Great Britain) Published: Jun 27, 2020, 07.20 PM(IST)

Britain Prime Minister Boris Johnson Photograph:( AFP )

Story highlights

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 says it will be ready to quit its transitional arrangements with the European Union “on Australia terms” if no deal on their future relationship is reached.

Britain left the bloc on January 31, 2020. A transition period, during which Britain remains in the European single market and customs union, expires on December 31 and pressure is mounting to agree a free trade deal before then.

With the two sides still far apart, a round of “intensified negotiations” is due to start next week.

“He [UK Prime Minister Boris Johnson] said the UK would negotiate constructively but equally would be ready to leave the transition period on Australia terms if agreement could not be reached,” Downing Street office said in a statement.

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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