The UK’s International Trade Secretary, Liz Truss, is visiting Australia, New Zealand and Japan this week.
The Department for International Trade said New Zealand is a good place for UK tech startups to test the waters when exporting for the first time, especially FinTechs.
Australia is one of DIT’s FinTech Bridge countries, which aim to share information and best practise and foster FinTech innovation.
Truss has stressed the UK is an “open, welcoming business destination”.
What does this mean?
As the UK prepares to leave the EU it will seek trade deals with these three nations as well as the US. It’s hoped the country’s many successful FinTechs will be a key attraction for foreign investment.