The U.K. and the U.A.E. have agreed to a $1.9 billion trade agreement, the U and A.E., respectively, announced on Monday.
The deal, which was agreed to in August, includes the U, Australia, Canada, Japan, Mexico, New Zealand, South Korea, Singapore, Switzerland, and the United Arab Emirates.
U.S.-based Reuters reported on Monday that a deal is “expected” to be announced by President Donald Trump.
“It’s going to be the largest and most comprehensive free trade agreement in history,” Australian Prime Minister Malcolm Turnbull said.
Australia is the only country that has signed a free trade deal with the UAE, according to the government.
The pact would “provide a significant boost to Australia’s international competitiveness, and help to build on the strength of the Australian economy.”
It would also be a major boon to American workers, the prime minister said.
“We will create more than 2,000 U.1,000 jobs in the United States, and I think we’re going to make this deal a great deal for both of our countries,” Turnbull said in an interview with ABC radio.
“The deal will bring $1 trillion in investment in Australia, the economy of Australia will be stronger than ever.”
The agreement comes after Trump’s predecessor, Barack Obama, signed the Comprehensive Economic and Trade Agreement (CETA) in May with the European Union, Canada and Mexico.
Trump has repeatedly called the trade deal “a disaster” for American workers and U.D.C.U.’s trade deals with the EU and Canada have not fared well under Obama, who led the U-2 spy plane program in Vietnam and was accused of not doing enough to secure the U.-2 program from Soviet-backed North Vietnam.
The agreement with the United Kingdom would provide a boost to the UK. economy and boost jobs, Turnbull said, noting the two countries had “one of the largest economies in the world.”
The trade deal is likely to include a number of “win-win” areas, Turnbull added.
“This will be the first free trade agreements with the other three [EU members], and the other two will be coming in the future.”