Brexit win as British enterprise thriving in Australia due to commerce deal | Politics | News | EUROtoday

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A British music enterprise is prospering in Australia due to the post-Brexit commerce deal between the 2 nations.

London-based music tech firm Audoo has boosted its presence Down Under after the settlement made exporting its merchandise simpler.

The enterprise produces good listening units, or Audio Meters, utilized in venues akin to pubs, bars and retailers to establish when and the place music is performed and guarantee artists are paid royalties.

Trade minister Greg Hands mentioned: “British music is rocking around the world’s Christmas trees for a reason and Australia is no exception, with our iconic tunes ringing out across Aussie cities over the festive period.

“All our music artists really want for Christmas is to get the payment they deserve, regardless of where their song is being played.

“Our trade deal with Australia makes it easier for businesses like Audoo to expand Down Under and fill our stars’ stockings with well-earned royalties.”

The UK’s commerce pact with Australia has made exporting simpler for the corporate by slashing tariffs and reducing purple tape.

It has helped Audoo – which is backed by British legends Sir Elton John and Sir Paul McCartney – greater than double the variety of Audio Meters in venues Down Under forward of the profitable festive interval.

The firm’s founder and CEO Ryan Edwards mentioned: “Launching across Australia has been a major step in our journey as a proud British business growing on a global scale.

“The free trade agreement helped us accelerate our implementation ensuring our mission to deliver accurate data for fair royalty distribution.”

British musicians featured in three of the highest 10 Christmas songs in Australia final yr.

The UK’s commerce take care of Australia – the primary negotiated from scratch since leaving the EU together with a pact with New Zealand – got here into drive on May 31.

The settlement is anticipated to extend commerce with Australia by 53 per cent and enhance the UK’s financial system by £2.3 billion.