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Monday, 26 June 2017

UK Turns to Emerging Markets for Trade as Brexit Talks Begin

UK Turns to Emerging Markets for Trade as Brexit Talks Begin
- The government promises improved access to U.K. markets for the world’s poorest countries and to maintain existing duty-free access for “everything but arms” for 48 countries including Bangladesh, Sierra Leone and Haiti, according to an emailed statement from the prime minister’s office. Britain will also seek to expand relationships with nations including Jamaica, Pakistan and Ghana.
After decades of access to the European Union’s single market, the U.K. now has to strike out alone, following the 2016 vote to leave the bloc. In the Brexit negotiations that began June 19 in Brussels, the EU is demanding clarity on the future of its citizens living in Britain before talks on a post-EU trading relationship begin.