The UK's Boris Johnson warned once again on Sunday that the UK won't be able to pursue ambitious trade deals if it remains within the EU's customs union following Brexit. Johnson, while speaking in Peru over the weekend, highlighted the fact that it would be more difficult for the UK to secure lucrative and complex trade agreements if it was still tied to the EU's trade agreement system.
His latest remarks come just days after Mr Johnson warned the Prime Minister she must not betray the country by keeping the UK in the customs union. It came amid claims that a so-called backstop option to avoid a hard border in Northern Ireland could be used to keep the EU and UK linked by the backdoor. Speaking in Peru he said the backstop must only ever be a last resort and time-limited... Building on that message he warns today that Britain has become too "Eurocentric" and abandoned trade links with South America and others in favour with closer ties to France and Germany, resulting in a "pitiful" share of trade with countries like Peru.. Mr Johnson writes: "Our Latin American partners are emphatic: if this is to work, we must come fully out of the EU customs union; and there is a lesson from Latin America."
- The Telegraph
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.