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Britain's Liam Fox says UK wants to be in growing Asian markets in post-Brexit era

British Trade Secretary Liam Fox says the United Kingdom wants to align itself with Asia's growing economies as it prepares to leave the European Union.


PTI 01 Aug 2018, 09:58 AM United Kingdom

British Trade Secretary Liam Fox says the United Kingdom wants to align itself with Asia's growing economies as it prepares to leave the European Union.

Fox said in Tokyo today that he got as much support as he could have hoped for from Japan for Britain's aspirations to join an 11-country Pacific trade agreement. He is wrapping up a three-day trip to Japan after visiting the United States.

The UK is trying to launch negotiations on new trade agreements with Asia, the United States, Australia and New Zealand for the post-Brexit era.

Fox told The Associated Press that Britain understands the Trump administration's frustrations on trade but favors multilateral solutions. He warned that imposing higher tariffs can only result in countermeasures, higher costs and potential inflation and job losses.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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