While the UK government has said it wants a trade deal after the UK`s withdrawal from the EU after the UK`s withdrawal at the end of 2020, this now seems less likely. A trade agreement with “Australian conditions” could be described as a Mongolian or Afghan terms agreement. Boris Johnson said the EU had refused to approve the “Canada-style” trade deal it wanted for the UK, so it would now be “more like Australia`s.” Point 10 indicates that the agreement will open a fisheries dialogue between the UK and Iceland, where the two countries can exchange best practices and cooperate. In addition to the EU`s free trade agreements with different countries, it also allows some less developed countries to access the internal market on a limited or duty-free basis. But they have other agreements in place, on trade and other issues: before the Committee on International Trade on Wednesday, the former Australian Prime Minister said that both sides of the negotiations were “looking forward” to signing an agreement before Christmas. A trade deal that he says will not see tariffs, quotas and “as freely as possible the movement of people” between the two Commonwealth states after Brexit. He said: “Our task is to reach the best possible agreements with Australia, Canada and the United States as quickly as possible. This means that if the UK tries to negotiate a future trade agreement with the EU on “Australian terms,” it would be similar to what would happen, although it is not exactly the same as a “no deal” on the “WTO terms”. There would be no free trade agreement with the EU, with the possibility of other agreements that could, to some extent, facilitate trade. PROS: The EU-Australia 2008 Partnership Framework sets out a number of common policy objectives for trade and investment. It encourages cooperation in areas such as investment, food certification, aviation, border management and law enforcement. The agreement does not link Australia to EU rules on regulatory supervision or immigration and Australia is not obliged to contribute financially to the EU budget. PROS: The agreement eliminates tariffs on most products, improves access to service providers and reduces costs by harmonizing eu-Canada rules and standards.