Despite the successful visit to
the United States by the British Prime Minister, Chancellor Philip Hammond has
stated that Britain cannot go into any trade deal with any country, including
the US until Brexit negotiations are over.
This was made known during a
meeting he had with EU finance ministers in Brussels where he stated that: "We will
continue to abide by the rules, and the regulations and the laws, of the
European Union for so long as we are members.
"Of course we want to
strengthen our trade ties with the very many trade partners we have around the
world, but we're very mindful of our obligations under the treaty and we will
follow them precisely."
Though the UK is only permitted
to talk about deals with new allies in principle and cannot start negotiations
on free trade agreements before we leave the EU.
The Prime Minister told
Republicans in the United States last night she was "looking forward to
pursuing talks" about a new UK and US free trade agreement.
"It will take detailed
work," Mrs May said in a speech in Philadelphia.
"But we welcome your
openness to these discussions and hope that we can make progress so the new
global Britain that emerges after Brexit is even better equipped to take its
place confidently in the world."
Mrs May’s move in securing trade
partners has made European leaders to express their dismay this week about
Britain embarking on a trade talks before our exit from the EU is finished.
An EU commission spokesman on
Tuesday told reporters that if a country wants a divorce but good future
relations they must have an orderly transition.
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