Fox to discuss replicating trade agreements in Davos

Trade minister Liam Fox will use a two-day trip to the World Economic Forum in Davos to meet trade ministers from around the world to discuss rolling over existing EU trade agreements after Britain leaves the bloc, his office said.

With little time left until the United Kingdom is due to leave the European Union on March 29, there is no agreement in London on how and even whether it should leave the world’s biggest trading bloc, and a growing chance of a “no-deal” exit with no provisions to soften the economic shock.

Fox has said he hopes to replicate around 40 EU free trade agreements with third countries by the time Britain leaves the bloc but the Financial Times reported last week that none would be ready by the end of March.

Reuters

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Craig Erlam

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.
Craig Erlam