trade

Pro-Brexit group urges for EU free trade agreement

MNA Business Desk: Activists for a hard Brexit have asked business groups across Europe to put pressure on their governments for a free trade agreement with Britain, reported news agency.
Leave Means Leave has written to the chambers of commerce in all the other 27 EU states, asking them to call for a “sensible agreement regarding the terms of Britain’s exit from the EU”.
The letter warns that trade barriers would have a “detrimental effect”. It also calls for uninterrupted trade as well as near-zero tariffs.
The letter was written by Leave Means Leave co-chairs Richard Tice and John Longworth, the former British Chambers of Commerce director-general. The group wants to ensure Brexit means the UK is no longer a member of the EU’s single market.
They said there were “many important elections taking place in EU member states” next year.
“Businesses across Europe will want business with the UK to continue as usual after Brexit and any hint of trade barriers by the European Commission will be rejected,” they wrote.
“It is vital that these business leaders make representations to their national governments to ensure that the EU is open for business.”
However, the United Kingdom’s withdrawal from the European Union is widely known as Brexit, a portmanteau of “British exit”. Following a referendum held on 23 June 2016 in which 52% of votes were cast in favour of leaving the EU, the UK government intends to invoke Article 50 of the Treaty on European Union, the formal procedure for withdrawing, by the end of March 2017.
This, within the treaty terms, would put the UK on a course to leave the EU by March 2019. Prime Minister Theresa May, elected by the ruling Conservative Party in the wake of the referendum, has promised a bill to repeal the European Communities Act 1972 and to incorporate existing EU laws into UK domestic law. The terms of withdrawal have not yet been negotiated; in the meantime, the UK remains a full member of the European Union.

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