UK cross-border trade in services with Australia

Against the backdrop of the UK pursuing an independent trade policy, there is enhanced focus on the UK-Australia trading relationship .This report identifies policy areas where joint focus, either through free trade agreement negotiations or other trade tools such as mutual recognition agreements and regulatory dialogue, could address some common goals.

The report does so by seeking to understand the implications for UK based firms of the recent changes to the Australian licensing regime for foreign financial services providers. It also analyses the experiences of UK based firms doing business, or seeking to do business in Australia, in the fields of asset management, banking and payments. Finally, the report addresses some cross-cutting issues that have arisen out of our interviews and which affect firms across a range of sectors.