Australian-style Brexit deal? Watch out what you want for, Boris Johnson warned by Australia’s earlier PM



oris Johnson has been informed to “watch out what you want for” after saying the UK may forge an “Australian-style” relationship with the EU.

Mr Johnson was given a stark warning of the torments of buying and selling with the bloc on such phrases by the earlier prime minister of Australia.

Malcolm Turnbull stated that Australia faces “very massive limitations” to buying and selling with the EU. He stated ending the Brexit transition interval in the identical method will likely be “disappointing”.

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Mr Johnson used his euphemism of exiting with an “Australian relationship”, with the nation not having a free commerce cope with the EU and as a substitute buying and selling on phrases set by the World Commerce Organisation (WTO).

Mr Turnbull, who was the Liberal Get together prime minister till 2018, informed BBC Query Time: “It’s going to be fairly disappointing, I believe you will discover out.

“We clearly are coping with WTO phrases. And there are actually some very massive limitations to Australian commerce with Europe which we’re in search of to handle as we negotiate a free commerce settlement with Europe

“However Australians wouldn’t regard our commerce relationship with Europe as being a passable one.

“There are very large limitations to Australian exports of agricultural merchandise specifically, there’s lots of friction within the system when it comes to companies, there’s lots to intention for.

“So, , watch out what you want for. Australia’s relationship with the EU is just not one from a commerce perspective that I believe Britain would need, frankly,” the previous Rhodes Scholar added.

Earlier, Mr Johnson had informed his Cupboard to “get on and make these preparations” for a departure and not using a commerce deal, although he stated negotiators would “go the additional mile” to get a treaty in time for the top of the transition interval on December 31.

“I do suppose we have to be very, very clear, there may be now a robust chance – a robust chance – that we are going to have an answer that’s way more like an Australian relationship with the EU than a Canadian relationship with the EU,” he stated in an interview.

Mr Johnson insists that the UK can “prosper mightily” below a no-deal however the Workplace for Price range Duty monetary watchdog has steered {that a} no-deal consequence may wipe 2 per cent off gross home product – a measure of the dimensions of the financial system – in 2021.

Consultants have indicated that may very well be round £45 billion.

WTO guidelines will imply UK companies will face tariffs on many items traded with the EU and the addition of some quota restrictions and customs checks.

Australia trades 11 per cent of its items with the bloc. That determine stands at greater than 50 per cent for the UK.

Whereas it doesn’t have a complete free commerce settlement with Brussels, Australia does have a sequence of mini agreements on commerce and different areas.

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