Bri­tain to main­tain close eco­nomic ties with Ger­many: Bri­tish PM

The Pak Banker - - BUSINESS -

BER­LIN: Bri­tain will main­tain close eco­nomic re­la­tions with Ger­many de­spite its in­ten­tion to exit the Euro­pean Union (EU), Bri­tain's new Prime Min­is­ter Theresa May said Wed­nes­day dur­ing her visit to Ger­many.

"Of course, our re­la­tions will change, but eco­nomic re­la­tions will re­main close," May said here.

Po­lit­i­cal de­vel­op­ments in Turkey, the refugee is­sue and Brexit were dis­cussed dur­ing May's visit with Ger­man Chan­cel­lor An­gela Merkel. It was the for­mer's first trip abroad after her ap­point­ment a week ago. Merkel, dur­ing the meet­ing, stressed Ger­many's close part­ner­ship with Bri­tain, adding Ger­many would rep­re­sent its own in­ter­ests in up­com­ing Brexit ne­go­ti­a­tions, Merkel added.

How­ever, the process could go on in a "friendly at­mos­phere and on the ba­sis of many com­mon con­vic­tions," said Merkel. Merkel re­it­er­ated that ne­go­ti­a­tions could only start after a for­mal re­quest from Lon­don. "It is a mat­ter of com­mon con­cern when Bri­tain ap­plies the exit with a very wellde­fined ne­go­ti­at­ing po­si­tion," she said. May said it would be "part of dis­cus­sions" in the com­ing ne­go­ti­a­tions, whether the Bri­tish should re­main part of the free-trade area with­out free move­ment of EU cit­i­zens.

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