UK cross-border trade in services with Australia

This report was originally published by the City of London Corporation. Corrs has contributed to the working committee (represented by partner Fadi Khoury) and the funds and financial services sections of the report. More information is available here. 

Against the backdrop of the UK pursuing an independent trade policy, there is enhanced focus on the UK-Australia trading relationship – a partnership that has always been important and goes well beyond economic considerations. The pertinence of the relationship is amplified in a COVID-19 world, where the UK and Australia seek to facilitate mutual cross border access to markets.

UK cross-border trade in services with Australia: an analysis of market access for financial services firms identifies policy areas where joint focus, either through free trade agreement (FTA) negotiations or other trade tools such as mutual recognition agreements and regulatory dialogue, could address some of these common goals.

The report seeks to understand the implications for UK-based firms of the recent changes to the Australian licensing regime for foreign financial services providers (FFSPs). It analyses the experiences of UK-based firms doing business in Australia in the fields of asset management, banking and payments and ways to promote mutual access for UK and Australian firms.

You can access a copy of UK cross-border trade in services with Australia: an analysis of market access for financial services firms here, or click the ‘DOWNLOAD PDF’ button.

This report was originally published by the City of London Corporation. More information is available here.