Britain might not have the ability to strike open market handle other nations up until years after leaving the European Union, an International Trade Minister has recommended.
Greg Hands confessed “stays to be seen” whether the UK can make arrangements with nations such as the United States instantly after Brexit, anticipated by March 29 2019, regardless of it being an essential slab of Theresa May’s technique.
Brexit Secretary David Davis and Chancellor Philip Hammond, 2 crucial Cabinet voices on the issue, have stated Britain will leave the single market and customs union by the exit date.
Both likewise concur that a transitional offer is most likely to be needed to prevent a “cliff edge” for organisations, with Mr Davis stating it would most likely last up until 2022 and Mr Hammond recommending it might take longer.
But Mr Hands might not say when the UK would be totally free to strike trade offers, recommending the issue might form part of settlements over brand-new trading plans with the EU.
He stated Britain’s position to leave the single market and customs union then strike an extensive open market offer was “the same”.
But asked if it would happen when the UK leaves the EU by March 29 2019, he informed BBC Sunday Politics: “That’s clearly the settlement that has simply begun. I am not putting an end date on that.
” What I am stating is the goal in this is to make sure that we have smooth trade with the European Union and pertain to a future customs plan.”
Put to him that it was uncertain whether the UK might strike trade offers after March 2019, he stated: “Once we have left the European Union and we have left the customs union, we have pertained to a customs plan with the European Union, yes we will have the ability to make our open market offers, but at the motion we cannot because we’re still in the European Union.”
Asked if Britain might still strike open market handle a transitional duration, Mr Hands stated: “That stays to be seen, we do not yet know. We have only simply began the settlement.”
Mr Hands stated he might not go over at what point a shift duration might end or start and even if there would be such a plan, including: “What we are clear about exists must be no cliff edge for companies in the UK and the European Union and to make sure that trade continues as smooth as possible.”