A liquid composition comprising: a liquid medium comprising at least one aprotic polar organic solvent and less than 25 wt % based on the total weight of the composition of an alcohol; and at least 5 wt % based on the total weight of the composition of at least one fluorinated anion exchange polymer comprising a fluorocarbon backbone and side-chains covalently attached to the backbone having terminal groups of formula (I): —SO2NR1Q+X−, wherein Q+ is a group comprising at least one quaternary nitrogen atom, and R1 is H or a C1-C20 alkyl group, or forms a ring together with a group in Q+, wherein the ring contains 2 to 10 carbon atoms and, optionally, up to 4 heteroatoms; and X− is an anion selected among the group consisting of organic anions and lipophilic inorganic anions is disclosed. The liquid composition is suitable for the preparation of ion exchange membranes and as binders for electrocatalytic layers for use in electrochemical applications.