The Australian Department of Foreign Affairs and Trade highlights the deep linkage between Australian and British Service Markets.
The United Kingdom is Australia’s third largest services export market and Australia’s second largest source of services imports. Growth in services trade over the past ten years was driven by growth in exports and imports of business services and imports of travel services.Australia’s Trade in Services with the United Kingdom Australian Department of Foreign Affairs and Trade
This data highlights why a CANZUK treaty is highly sought for. Recall that the CANZUK Treaty outlined by the Canadian Conservative Party looks for the following objectives:
- Free trade in goods/services
- Visa-free labour/leisure mobility for citizens, including retirement relocation
- Reciprocal healthcare agreement modeled on existing AU / NZ / UK bilaterals
- Increased consumer choice/protection for travel
- Security coordination