UK trade minister to deny that the UK will lower food standards post-Brexit - Reuters
|As reported by Reuters, the UK's Trade Minister Liam Fox is expected to expressly reject the idea that the UK will be looking to decrease food restrictions in an effort to secure more lucrative trade deals post-Breixt.
Key highlights
The United States wants Britain to cut European Union regulations after Brexit to boost the chances of the two countries striking a free-trade deal. To pave the way for a deal, Fox is planning to scrap European food standards, Business Insider reported last month.
“There have been a lot of reports lately, mostly on social media, that my department has been planning to lower food and farming standards when negotiating Free Trade Agreements post-Brexit,” Fox will tell farming industry representatives in a speech. “Let me tell you categorically that these reports are untrue.” Opponents of Brexit argue a U.S. trade deal means opening up Britain’s markets to the likes of chlorine-treated chicken and genetically modified crops.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.