YES cobber. It’s just another of his fairytales.
Australia does not have a comprehensive free trade agreement with the EU, so the bulk of their trade is done according to World Trade Organisation rules.
The same would be true of UK-EU trade in the event of no deal. This would mean tariffs on many goods traded between the UK and the EU, quota restrictions and customs checks. Northern Ireland might be treated differently, possibly.
But the impact of no deal for the UK would not be limited to trade in goods. No deal would mean cutting all formal joint ties with the EU in just over eight weeks time, including in other crucial areas such as judicial and police co-operation.
By contrast, Australia has a series of agreements in place across a range of issues and is seeking a free trade agreement with the EU to improve on WTO terms.
The only agreement in place between the UK and the EU would be the Withdrawal Agreement reached by Boris Johnson in October 2019 which he has already announced he plans to break.
The EU comprises 11 per cent of Australian goods trade and 19 per cent of its services trade, worth in all around £111 billion in 2018.
For the UK, the EU comprised 52 per cent of its goods trade and 44 per cent of its services trade to the value of £660 billion that year.
Forty per cent of Australia’s exports to the EU are coal and gold. The UK exports mainly manufactured goods, cars, food products and pharmaceuticals a much more highly regulated type of trade.
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