The Hon Steven Ciobo MP, Minister for Trade, Tourism and Investment

Australia needs to be ready to do business with a post-Brexit UK, and despite the many economic and geopolitical challenges, there will be great opportunities for Australia. Britain will be looking for new post-Brexit partners and Australia is highly attractive with an open, innovative and pro-trade focus and a stable, reliable and prosperous economy. Today the UK is our second-largest foreign investor and our fifth largest trading partner. Brexit is an opportunity to build on this relationship in a way that will benefit both countries. But first, Britain must go through the process of formally exiting the EU.