(6 years, 4 months ago)
Commons ChamberAustralia is one of our closest bilateral partners, and diplomatic relations are excellent. In July, we held our 10th annual ministerial talks, where we agreed to strengthen foreign, security and trade relations. The Prime Minister spoke to Australia’s new Prime Minister, Scott Morrison, on 27 August.
I welcome the fact that the first major summit attended by the Foreign Secretary on his appointment was his and the Defence Secretary’s meeting with their Australian counterparts. Will he update the House on the progress made in preparing a free trade deal between our two countries?
I am sure the whole House will want to welcome Australia’s purchase of nine Type 26 frigates from the UK, which is a significant defence export and means that we have the “Five Eyes” frigate with our friends in Australia.
The UK-Australia trade working group is meeting regularly to lay the foundations for future free trade negotiations. Indeed, there is a public consultation so that the public can express their opinions.
(8 years, 9 months ago)
Commons ChamberThe Government fully support expanding the UK’s trade relationship with Iran. The Treasury is actively liaising with UK banks and industry bodies, to understand concerns and help re-establish financial channels between the UK and Iran.
Despite the improving diplomatic relations between the British and Iranian Governments, UK businesses still face significant barriers to completing legitimate banking transactions for trade purposes. Will the Minister look at what more can be done to help to facilitate financial transactions between UK and Iranian banks, so that the UK economy can begin to benefit from this new market?