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<p>Australia and New Zealand are close economic partners and allies. Trade between
Australia and New Zealand was worth a combined total of £19.4 billion (in the four
quarter to the end Quarter 1 2019). Through our on-going engagement with UK stakeholders,
including our work to promote UK exports overseas, and with the Governments of Australia
and New Zealand, we have assessed that the UK could increase its trade and investment
relationship with both countries, benefiting both UK businesses and consumers. We
have committed to starting Free Trade Agreement negotiations with both countries as
soon as we are able to do so.</p>
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