Euro­pean trade deals ‘in three years of Brexit’

The Press and Journal (Inverness) - - NEWS -

A tran­si­tional deal is ex­pected to be com­pleted within three years of the UK leav­ing the Euro­pean Union, ac­cord­ing to the chan­cel­lor.

Philip Ham­mond said trade deals with third coun­tries may not come into force dur­ing the pe­riod, but claimed there was a “broad con­sen­sus” treaty­based ar­range­ments with the EU would be in force by the next sched­uled gen­eral elec­tion in June 2022.

Mr Ham­mond said “many things will look sim­i­lar” on the first day af­ter leav­ing the bloc in March 2019, and hoped goods would flow across the bor­der be­tween the EU and Bri­tain in “much the same way as they do now” dur­ing the tran­si­tional pe­riod.

He told BBC Ra­dio 4’s To­day pro­gramme: “There will be a process be­tween the date we leave the Euro­pean Union and the date on which the new treaty-based ar­range­ments be­tween the UK and the Euro­pean Union which we hope and ex­pect to ne­go­ti­ate come into force.”

Mr Ham­mond did not say how long it would take to put the “nec­es­sary ar­range­ments in place, but added: “I think there’s a broad con­sen­sus that this process has to be com­pleted by the sched­uled time of the next gen­eral elec­tion, which is in June 2022.”

The EU said it was too soon to dis­cuss de­tails of any tran­si­tional ar­range­ments.

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