Malcolm Turnbull told the Prime Minister he was “pleased” with the Government’s interest in joining the TTP after we leave the European Union on March 29, 2019.
Mrs May stated the two countries are keen to combat protectionism and promote free trade together.
The Australian PM said: “Trade is clearly very high on your agenda, as it always is on ours. Trade means jobs.
“That’s why we persevered with the Trans-Pacific Partnership, got that signed despite the US dropping out.
“And I’m pleased to see your Government’s interest in potentially joining that at a future date when you have left the European Union.”
The latest comments come after Mr Turnbull threw his support behind the Mrs May’s Brexit plans, claiming he will deploy his own country’s resources to ensure that Britain’s departure from the EU is a success.
TTP is a multilateral free trade deal that is aiming to cut 98 percent of tariffs in a marketplace worth £10 trillion.
Speaking at the Australian Chamber of Commerce in London following the Commonwealth summit,Mr Turnbull said: “I believe that whatever the merits of Brexit may be in the UK, that’s a domestic debate here, I think it offers greater opportunities for Australia in the UK than ever.
“I can assure you that we will do everything we can to enable the UK to enter into the most favourable, open, to quote President Trump, fair and reciprocal trade deal between Australia and the UK.
“We want an absolute level playing field. And why wouldn’t we? Because we think, by and large, as long as there is a level playing field we can always be competitive with the Poms.”
Mr Turnbull also hinted Britain could eventually join the TTP post-Brexit, adding: “The UK has shown real interest in it. Obviously, they’ll have to leave the European Union first, but we’ve had very preliminary discussions, I guess would be the best way of describing it.
“The UK has shown real interest, and you can see the attraction of it to the UK, because if they were to join the TPP, they’d be entering into a high-quality trade agreement with 11 other countries in one hit.
“Now, of course, it’d have to be negotiated with all those 11 other countries including Australia.
“Nonetheless, it’s impressive, I think, to see the strong interest shown by the UK.
During today’s meeting at Chequers, Mr Turnbull and Mrs May also discussed the need for the international community to unite against the threats posed by chemical weapons, cyber attacks and terrorism.
Source : EXPRESS