Aust'n PM to meet with NZ counterpart to discuss Brexit fallout

Australian Prime Minister Malcolm Turnbull will next week meet with New Zealand counterpart John Key, to discuss Britain's controversial exit from the European Union (EU).

Key is expected to return from a diplomatic trip to Europe on July 20, and is keen to set up a meeting with Turnbull to discuss both Australia and New Zealand's plan for dealing with the implications of the vote.

Following the Brexit vote last month, Turnbull ordered Australia's Treasury and other financial regulators to form an array of comprehensive reports on possible Australian responses to the decision, and said he would meet with Key to discuss a joint response.

A spokesperson for the New Zealand prime minister told the Australian Associated Press (AAP) that Key was planning to discuss his findings with Turnbull, who had been too preoccupied with the Australian election to do much of his own research.

"(John Key) is planning to discuss his visit to the EU and UK with Mr Turnbull on his return (on July 20)," the spokesman said on Wednesday.

The spokesperson also told the AAP that both Key and Turnbull believe there are common areas of interest where both nations could collaborate on negotiating better trade access to the UK as well as the EU.

Turnbull is also expected to be briefed by NZ Trade Minister Todd McLay, who also met with officials from both the EU and the UK at a G20 meeting in China. Endit