Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

UPDATE 1-UK downplays criticism of Australian minister ahead of trade talks

Published 22/04/2021, 12:34 am
© Reuters.

(Adds Truss comments)

LONDON, April 21 (Reuters) - Britain on Wednesday played down a newspaper report in which an unnamed government source criticised Australian trade minister Dan Tehan as inexperienced, with British counterpart Liz Truss promising he would get a warm welcome in London for talks.

Tehan is due to arrive this week for talks on a trade deal that Britain is pursuing as one of the pillars of its post-Brexit strategy to build stronger commercial and diplomatic links in the Indo-Pacific region.

The Daily Telegraph newspaper cited a source complaining of slow progress in the talks, calling Tehan inexperienced compared with Truss and saying: "He needs to show that he can play at this level."

"She (Truss) plans to sit him down in the Locarno Room (in the foreign office) in an uncomfortable chair, so he has to deal with her directly for nine hours," the report quoted the source as saying.

A spokesperson for Tehan had no comment.

Asked about the Telegraph report, a British trade department official said the comments were "over the top" and that while Britain was concerned at the pace of talks, they hoped significant progress could be made during Tehan's visit.

"The Australians are really, really close mates of ours and there's a lot of mutual respect between Liz and Dan," the official said. "Dan's been around the block and is pretty experienced so he will know not to read too much into it."

Truss later said in a statement: "I'm looking forward to giving Minister Tehan a warm welcome and building on the good progress we have already made."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The official said the government was looking for movement from Australia on the services and investment sections of the deal and that while a breakthrough could allow an agreement in principle to be reached within days, it was more likely to take weeks to finalise the whole deal.

Britain has estimated a trade deal with Australia could add 500 million pounds ($696 million) to UK economic output over the long run and is confident that a deal can be completed in the first half of 2021. ($1 = 0.7187 pounds)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.