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UK ought to have virtually an identical market entry to EU after Brexit: well being minister

LONDON (Reuters) – Britain ought to be capable to agree an virtually an identical degree of market entry to the European Union with a free commerce settlement after Brexit as a result of the 2 sides begin from some extent of regulatory alignment, the well being minister mentioned on Friday.

Jeremy Hunt was requested about Britain’s future buying and selling relationship with Europe after finance minister Philip Hammond referred to as for a modest Brexit that will preserve Britain as carefully aligned as doable with the bloc after its 2019 exit.

“The issue here is not the extent of divergence but the freedom to diverge,” Hunt instructed BBC Radio.

“We start in the unique position with the EU of total regulatory alignment and that actually makes it much easier to negotiate. That means that we should be able to expect very limited and possibly no changes to market access as a result of the free trade deal that we negotiate.”

Hunt added that Britain would over time be capable to take a “sovereign decision” as to the place its laws do or don’t diverge.

Reporting by Kate Holton; enhancing by Costas Pitas

Our Standards:The Thomson Reuters Trust Principles.

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