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UK Minister Downplays Impact Of Potential EU-UK FTA Void

by Amanda Banks, Tax-News.com, London

20 July 2017


UK Trade Secretary Liam Fox has said that securing a post-Brexit free trade agreement with the EU should be a simple matter but added that the country could "survive" without one.

Speaking to BBC ahead of talks with the World Trade Organisation (WTO) to become an independent member of the body following Brexit, he said: "We can of course survive with no deal and we have to go into a negotiation with those on the other side knowing that's what we think."

He added: "The free trade agreement that we will have to do with the European Union should be one of the easiest in human history."

The UK and the EU launched Brexit discussions last month. Talks are expected to last 18 months.

TAGS: tax | free trade agreement (FTA) | law | United Kingdom | trade | Europe

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