Twice on @BBCr4today, @DominicRaab calls “no deal” an Australia-style arrangement.

Perhaps the foreign secretary should look at Australia’s trading arrangements.

1. Australia’s priorities are in its region. It has free trade agreements with all its neighbours

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Look how unimportant the EU is to Australia for trade in goods

The purple rectangle in the left square is the share of Australia’s goods exports that go to the whole of Europe, not just the EU

The right square is the UK’s goods export destinations.

Purple=Europe
Red=Asia

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What about Australia’s goods imports versus the UK’s? Where do they come from?

Similar picture

Red = Asia. Purple = Europe.

Graphics and data: OECD
Australia: https://oec.world/en/profile/country/aus
UK: https://oec.world/en/profile/country/gbr

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2. What do they trade?

Goods exports

Australia: Well over half are minerals, oils and metals.

UK: More diverse. Leading categories are various types of machinery, vehicles and aerospace equipment, and pharmaceuticals and chemicals.

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Goods imports

More similar

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Services exports

Australia: Two thirds “personal travel”—visits to Australia for tourism, medical treatment and education with stays of less than a year

UK: more diverse, with business and financial services in the lead

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Services imports

More similar

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Australia does have trade relations with the EU which won’t be available to the UK without a deal with Brussels:

● tariff quotas specific to Australia
● mutual recognition agreements

https://tradebetablog.wordpress.com/2020/11/30/worse-than-australia-style/

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Finally, “no deal” means new trade barriers on UK-EU trade, some pretty high, and disruption to supply chains.

Australia is negotiating with the EU to do the opposite: to bring down barriers on their trade.

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