OUR NEWS

UK says trade deals won’t be ready by Brexit day

February 21, 2019

 

The Latest on Britain’s withdrawal from the European Union.


The British government says trade deals with Japan, Turkey and other countries won’t be in place by March 29, the day Britain is due to leave the European Union.

 

International Trade Secretary Liam Fox has claimed the U.K. will be able to continue deals with 70 countries that it currently has as an EU member. But few have been finalized.

The government said Thursday that “it remains our priority to conclude trade continuity agreements with these countries by exit day or as soon as possible thereafter.”

A proposed U.K.-EU divorce agreement comes with a long transition phase so future trade arrangements can be worked out. But Britain’s Parliament so far has rejected the deal.

Without a withdrawal deal, British businesses will face tariffs and other barriers


EU Commission President Jean-Claude Juncker says despite constructive talks with British Prime Minister Theresa May he remains downbeat on the prospect of Britain avoiding a chaotic exit from the bloc next month.

Juncker told an European Union conference on Thursday that a no-deal Brexit “will have terrible economic and social consequences both in Britain and on the continent,” adding he was doing his utmost so “the worst can be avoided.”

But he said “I am not very optimistic when it comes to this issue.”

Late Wednesday, May and Juncker said they held “constructive” talks at EU headquarters. They said negotiators would urgently seek a way out of the Brexit quagmire to prevent Britain from crashing out of the bloc on March 29 without a smooth transition period.

Please reload

Recent Posts

Please reload

SUBSCRIBE TO OUR NEWSLETTER

Keep up to date with the latest news and services from Oakmark Global Vision

WEST AFRICA'S NO.1 ECONOMIC AGENTS

REGIONAL OFFICE

INTERNATIONAL OFFICE

CONNECT WITH US

SITE MENU

1 Kandi Close, Off Aminu Kano

Crescent, Wuse 2, Abuja F.C.T

Nigeria 

King Court, 17 School Road
Hall Green Birmingham
United Kingdom  B28, 8JG

+234 -(0)- 929 207 02
+234 (0) 808 643 0422

+44 (0) 121 244 1814
+44 (0) 746 625 2505

© 2020 Oakmark Global Vision Ltd - All Rights Reserved.

UK Company No. 07634879 / Nigeria Company No. RC 1288232

WEST AFRICA'S NO.1 ECONOMIC AGENTS
  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Instagram Icon
  • Grey LinkedIn Icon