UP

Britain unsure about post-Brexit trade: Minister

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

Britain has added more uncertainty to its future business relationship with the European Union as the country is struggling to clinch a withdrawal deal with the bloc.

Axar.az reports citing Press TV.

British Business Minister Greg Clark said Wednesday that the government does not know how the UK’s trade arrangements with the EU will look like in the post-Brexit era.

In an interview with the BBC, Clark said he could not offer any details of the end-state Britain was seeking while the two sides were still negotiating.

“This is a negotiation which is about to happen. We can’t guarantee an end-state until it has been agreed by both sides,” Clark told BBC radio on Wednesday.

Britain has agreed in principle with the EU to have a status quo transition period, which is expected to be finalized in March.

This is while British businesses want more clarity from the government on the issue. They fear that a disorderly departure would harm UK's $2.7 trillion economy when it leaves the EU in 2019.

Many Brexit supporters are in favor of leaving the EU customs union. They claim free-trade agreements with non-EU countries will make up for increased frictions between the UK and the EU.

Opponents of Brexit point to the fact that the EU remains Britain’s largest trading partner, while the government's own leaked analysis predicts that leaving the customs union would be a more damaging route.

Clark said the government will aim for an end state "without tariffs and with a minimum of frictions.”

Two days ago, Britain’s Interior Minister had also emphasized that the British government's main aim was to maintain “frictionless trade” with the European Union.
In an interview with the state-funded BBC, Amber Rudd claimed the UK economy will grow after leaving the European bloc.

Rudd also maintained that the UK government is more united on Brexit than many say.

Date
2018.02.07 / 22:14
Author
Axar.az
Comments
See also

Pashinyan's meeting causes us concern - Zakharova

Pashinyan warns Karabakh separatists

In this case, Russia would never launch a special operation

A new detail of the Moscow terror became known

The possibility of Russia's attack on the Baltic countries

Day 764: Russian losses updated

The United States knew about the Moscow terror

Aid to Ukraine stops: the conflict will end

There was a strong earthquake in Italy

Russian diplomat ordered out of Latvia

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla