UK, Australia Agree to Most of New Free Trade Deal

The United Kingdom and Australia agreed to the "vast majority of elements of a comprehensive free trade agreement," the UK's International Trade Minister Liz Truss announced in an April 23 statement. A full deal between the two parties is now expected in June, according to the statement. "We have made major breakthroughs over the past few days and an agreement is now in sight," Truss said. "We will spend the next few weeks ironing out details and resolving outstanding issues."