WIREDGOV

techUK and the Tech Council of Australia (TCA) have formally signed a Memorandum of Understanding (MoU), marking a significant milestone in technology industry collaboration between Australia and the United Kingdom.

Signed during London Tech Week at the UK Department for Business and Trade in the Old Admiralty Building and announced at the Aus-UK Chamber of Commerce Tech Week Event at Australia House in London, the agreement builds on the momentum of the UK-Australia Free Trade Agreement (FTA) which came into force in 2023. The FTA includes the world’s first innovation chapter which recognises the important role that innovation plays in stimulating competitiveness, increasing productivity, encouraging investment and promoting international trade. It also includes a strong digital trade chapter emphasising the importance of promoting trusted data flows, banning data localisation, and enabling digital trade facilitation. 

The new techUK and TCA partnership is a practical step toward implementing the objectives of the FTA and formalises those ambitions at an industry level. techUK and TCA will work together to deepen cooperation and collaboration between tech sectors, with a focus on technology trade, regulation, investment, and innovation. This includes sharing knowledge and insights, aligning on regulatory and policy issues, and driving practical commercial opportunities for UK and Australian technology companies. 

At the core of the MoU is a commitment to supporting technology businesses, especially SMEs, expand across borders. This means better access to markets, clearer insights into regulatory environments, and stronger connections to potential partners and investors.

The partnership will focus on emerging and critical technology areas including artificial intelligence, cybersecurity, digital identity, fintech. These are sectors where both the UK and Australia have established industry strengths and where closer collaboration can unlock new commercial opportunities to bolster long-term digital resilience. 

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