UK Hoping to Replicate EU-Japan Trade Deal

August 30, 2017 Share Print 0

Britain is looking at ways to replicate the trade deals that the European Union has with countries outside the bloc when it exits the EU in March 2019, Prime Minister Theresa May said on Wednesday.The freedom to strike new trade deals independently of the EU has been highlighted by the government as a major benefit of Brexit. But businesses have repeatedly voiced concern about how existing trade relationships will work after Britain has left the bloc.Speaking on a business trip to Japan designed to reassure investors that the British economy will flourish after Brexit, May indicated that the first step in recasting Britain as a world leader in free trade would be to copy EU trade agreements.

Source: UK looking to replicate EU’s external trade deals after Brexit – May

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

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 SKY News. 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.