Trade secretary Liam Fox promised on Tuesday that Britain’s departure from the European Union would not create a legal vacuum at the World Trade Organization, and said his country was determined to champion free trade.
Britain is a full and founding member of the WTO, but its WTO membership terms are currently shared with the rest of the EU, Fox told a WTO conference in Geneva.
“The UK will continue to uphold these commitments when we leave the European Union. There will be no legal vacuum. But this will not stop us pursuing a more liberalised trade agenda in the future,” he said.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.