Brexit and Australia: The Way Forward
Australia’s relationship with the European Union is at a critical turning point.
The Brexit vote has fundamentally changed the EU. Once the UK formally exits the EU, Australia will be obliged to work directly with Britain and a changed EU. Given that Britain has been a major player in the Australia-EU relationship, its exit will have a ripple effect.
This comes at a time when, after decades of tension, Australia’s relationship with the EU had immeasurably improved to the extent that it has negotiated the largest agreement ever signed between Australia and the EU – a Framework Agreement. A Free Trade Agreement is set to follow this accord, with negotiations commencing in 2017.
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