Brexit Trade Plans
Under EU rules, all countries can import a certain amount of goods from other non EU countries at a lower tariff. Part of the trade discussions over Brexit is how to split this amount between to UK and the EU.
Australian Trade Minister Steven Ciobo confirmed it would put additional restrictions and added costs. Countries like Australia and New Zealand can decide where their exports go, into the UK or into the European Union. Guess which will be the winner.
This could also affect trading with the US, Brazil and other countries like Canada. More from BBC News As more details emerge of the financial cost and complexity of trading with Europe after Brexit, what is next?