Britain to seek independent membership of WTO after Brexit -newspaper

September 25, 2016 6:18 AM EDT

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

LONDON (Reuters) - Britain intends to become an independent member of the World Trade Organization when it leaves the European Union, trade minister Liam Fox will say next week, according to a report in the Sunday Telegraph newspaper.

The newspaper, without citing its sources, said Fox would use a speech at the WTO on Tuesday to say Britain would seek to be an independent member of the body so that it could negotiate its own trade deals outside of the EU.

Being an independent member of the WTO would involve Britain leaving the EU's customs union, the newspaper said, something the government has so far refused to confirm it intends to do.

(Reporting by Kylie MacLellan, Editing by Elizabeth Piper)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment