Australia, NZ work to ease impact of Brexit

  • 27/06/2016
Prime Minister John Key (L) and Australian Prime Minister Malcolm Turnbull
Prime Minister John Key (L) and Australian Prime Minister Malcolm Turnbull

There are considerable implications for Australia and New Zealand from the fallout of the Brexit decision, Australian Prime Minister Malcolm Turnbull says.

Mr Turnbull spoke with his Kiwi counterpart John Key this morning about dealing with the UK's decision to leave the European Union, which could impact on trade and the movement of people.

"There are some big issues in terms of the access of Australians and New Zealanders to Europe and, indeed, to the United Kingdom, a whole lot of issues to work on," Mr Turnbull told reporters in Adelaide today.

Mr Turnbull has vowed to prioritise talks with Mr Key on maximising opportunities for both countries if the coalition is re-elected on Saturday.

Both leaders would meet shortly after, nutting out a plan to ensure the interests of Australians and New Zealanders and businesses were protected, he said.

Mr Key said it makes sense that New Zealand and Australia co-operate on issues where the two countries have similar views or interests.

"But where it's appropriate we'll do things under our own steam," he said.

Mr Key ruled out trying to seek a joint New Zealand-Australia free trade agreement with the UK.

"Generally there are differences in our economy and different aspects we will focus on," he said.

New Zealand is negotiating an FTA with the EU. Mr Key hopes that could be signed by late 2017 or early 2018.

However, he couldn't say when a potential FTA with the UK could be completed.

NZN

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