UK trade chief: Staying in EU Customs Union Would be Sellout




February 28, 2018 | By JILL LAWLESS –

Britain must leave the EU customs union to strike new trade deals after Brexit, the country’s trade minister said Tuesday, widening a major fissure within British politics over future trade relations with the bloc.

International Trade Secretary Liam Fox said 90 percent of global growth in the next 10 to 15 years will be outside Europe, and remaining inside the tariff-free EU trade zone “would limit our ability to reach new trade agreements with the world’s fastest-growing economies.”

In a speech in London, Fox branded customs union membership “a complete sellout of Britain’s national interests” because it would mean accepting EU rules after Britain leaves the bloc in 2019 without having a say over how they are made.

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