Brexit news - UK should hold off from speedy trade deal with US warns business body
Adam Marshall, director general of the British Chambers of Commerce claimed the UK should be careful about quickly agreeing on a trade deal with the US after Brexit. Donald Trump told Theresa May a trade deal would be quickly organised after the UK fully cuts ties with Brussels. But Mr Marshall warned against a swift deal. He told Bloomberg: “The UK is just getting back into doing trade deals on its own. It’s been 40 years since the UK has last done one.
GETTY•BLOOMBERG The business body warned the UK not to quickly agree a trade deal with the United States
“The US trade representative is one of the best-oiled machines in the world when it comes to negotiating trade deals. “I wouldn’t want to go up against them, early on, when I’m just getting on my feet again as a country going into free trade agreements. “There are lots of things you could do between the UK and the US that would let trade flow more freely, but they’re smaller than a free trade deal. Let’s start there first.” The director general of the British Chambers of Commerce also called for the Government to work alongside businesses when negotiating Britain’s European Union exit.
I wouldn’t want to go up against [the US], early on Adam Marshall
Mr Marshall added: “I think what we need to see is business working very closely with the UK Government, a sort of team UK approach. “We really need to drill down into the fine detail, whether it is sector by sector or things that go right across the economy. “I don’t like the fact that it is August and it feels like that engagement has slowed down a bit. It needs to speed back up again.” Philip Hammond and Liam Fox confirmed the UK would seek a transitional agreement with the EU to protect British businesses.
Brexit trade talks in pictures: UK Ministers explore potential trade deals Tue, July 25, 2017 Latest pictures as Britain's Ministers started informal trade talks all over the world Play slideshow AFP/Getty Images 1 of 14 British Secretary of State for International Trade Liam Fox delivers remarks on 'The Future of UK Trade Policy' at the American Enterprise Institute