Britain sets Brexit terms – wants frictionless trade

Does this amount to wanting to have the cake and eat it too? EU’s chief Brexit negotiator had earlier made it amply clear, once Britain leaves the bloc, frictionless trade is not possible.

In the wake of the shock outcome of Britain’s snap elections, a spokesman for the British Prime Minister has disclosed the country is looking to negotiate a comprehensive free trade and customs agreement with the European Union so as to allow trade to be as frictionless as possible.

The approach is in stark contrast to her earlier aggressive Brexit stance.

Michel Barnier, the European Union’s chief Brexit negotiator had earlier warned British ministers and the country’s business houses that once Britain leaves the EU, “frictionless trade” with the bloc is “not possible”.

When queried on the May’s comments, her spokesman replied, “We’ve set out our relationship that we seek … we want a comprehensive free trade agreement and a new customs agreement which allows for trade which is as frictionless as possible.”

“Obviously we are just at the beginning of the negotiations, but I would say that the most frictionless as possible trade between the UK and the EU is clearly in the interests of both sides.”

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