London,
15
June
2021
|
12:55
Europe/Amsterdam

City Corporation reacts to announcement of UK-Australia Free Trade Agreement

The Department for International Trade has today [15 June 2021] announced that it has secured a free trade deal with Australia.

Reacting to the announcement, Lord Mayor of the City of London William Russell said:

“The UK and Australia are old friends that already enjoy close ties in many sectors. 

“I am therefore delighted to see agreement on a FTA to further build on this longstanding relationship, and look forward to more announcements down the line on how we can also strengthen ties in financial and professional services.”

City of London Corporation Policy Chair Catherine McGuinness said:

"We welcome this agreement and closer relations between the UK and Australia.

"It is encouraging to see services recognised in the FTA, and going forward we are confident there will be continued momentum to strengthen ties in financial and professional services specifically.

"The UK and Australia have much to gain from working more closely in this area, and huge opportunities exist in fintech, open financing, data, asset management and green finance, particularly in the lead up to COP26.”

ENDS

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk