Australia focusing on trade interests after Brexit rejection

Australian trade interests with Europe and the UK are up in the air, after a historic defeat of the Brexit deal.

The proposed Brexit deal was voted down 432-202 votes on Tuesday evening.

British Prime Minister Theresa May and her team had spent months preparing the deal which would facilitate the split of Britain from the European Union.


While the UK will now likely face a no-confidence motion, Australia is working on remaining calm and keeping trade stable by maintaining good relationships with overseas interests.

The fallout over the deal saw a slight dip in the pound, and the UK now faces leaving the European Union without a formal deal.

With all of the uncertainty on the table for Britain, Australia has established a working group to continue negotiations with the European Union and keep trade flowing nicely.

The deadline for Brexit is now approaching (March 29), with the pressure mounting on Britain to decide whether they should leave Europe at all.

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