February 18, 2020

BRUSSELS (Reuters) - Britain’s negotiator with the European Union said on Monday that London was prepared to accept an “Australia-style” free trade agreement with the bloc if its member states continue to have doubts about the terms of a no-quotas, no-tariffs deal.

The EU does not have a free trade agreement with Australia, and so such an arrangement would effectively be a trade relationship governed by World Trade Organization rules.

David Frost told a university lecture in Brussels that Britain, which left the EU at the end of January, wanted a trade agreement similar to that which Canada has with the bloc when a transition period ends on Dec. 31, 2020.

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https://www.reuters.com/article/us-britain-eu-frost/uks-frost-says-ready-for-australia-terms-fta-if-eu-still-has-doubts-idUSKBN20B1VC