Australia, UK sign historic ‘Space Bridge’ agreement
Australia and the United Kingdom signed a historic agreement on Tuesday to improve trade, investment and research sharing in the space industry.
Minister for Industry, Science and Technology Karen Andrews joined UK Science Minister Amanda Solloway to sign the ‘Space Bridge’, which will strengthen co-operation between the Australian Space Agency, the UK Space Agency as well as each country’s trade departments to provide a greater pathway for research sharing and trade.
The agreement coincided with the fourth round of free trade negotiations between Australia and the UK.
The Australian space sector is expected to create up to 20,000 jobs by 2030.
“Australia’s space industry is innovative, globally competitive and growing at a rapid pace,” Minister Andrews said.
“The Space Bridge arrangement with the UK will allow us to continue that momentum, building on our shared strengths, leveraging individual expertise and creating jobs for the future.”
UK Science Minister Amanda Solloway reiterated, “The signing of today’s Space Bridge partnership, a world’s first, with one of our closet international allies, is another step forward in our ambition for the UK to become a globally competitive space power.
“The bond will allow our most innovative space businesses and universities to collaborate and share best practice more effectively than ever.”
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