Australia is the 14th largest economy in the world (IMF, 2020). The country shares a common language and culture with the UK, as well as business and legal practices such as intellectual property (IP) protection and the rule of law. This makes it easier for UK companies to do business there.
Fiji is a group of islands located in the South Pacific Ocean, near Australia and New Zealand. It has a population of just under 1 million (IMF, 2019). In the year ended June 2019, total UK exports to Fiji amounted to £26 million, an increase of 4.0% compared to the previous year (ONS, 2019).
New Zealand is ranked number 1 for ease of doing business (World Bank, 2020). The UK- New Zealand trade relationship was worth £2.3 billion in 2020 and is set to grow under a free trade agreement.
Papua New Guinea is located in the southwestern Pacific and includes the eastern half of New Guinea and its offshore islands. Despite being a small country, it has a population of 8.4 million people (IMF, 2018) and so has a reasonable consumer market for UK exporters.