Brexit means opportunity for Aust: Robb

What does Britain's exit from the European Union mean for Australia? Opportunity.

That's the opinion of former trade minister Andrew Robb, the man behind Australia's free-trade agreements with China, Korea and Japan, as well as its involvement in the Trans-Pacific Partnership.

"In many respects, we lost a huge market 42 years ago - Britain," Mr Robb told Sky News on Thursday night, adding Brexit would mean Britain was free to make its own trade agreements.