UK Says Trade Deals Not Ready by BREXIT Day

UK Says Trade Deals Not Ready by BREXIT Day

FLASH: The Latest on Britain’s withdrawal from the European Union

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

International Trade Secretary Liam Fox has claimed the UK will be able to continue deals with 70 countries that it currently has as an EU member, 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 UK-EU divorce agreement comes with a long transition phase so future trade arrangements can be worked out.

Britain’s Parliament so far has rejected the deal.

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

Late Wednesday, Mrs. May and Mr. 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 29 March without a smooth transition period.

Stay tuned…

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