UK and US to start post-Brexit trade talks on July 24

The UK Trade Secretary Liam Fox told BBC TV’s “Question Time” program late-Thursday, that the UK and US will open negotiations over a post-Brexit trade agreement next month, Bloomberg reported on Friday.

The UK Britain formalize the trade agreements with other countries until it leaves the EU in March 2019, but can prepare the groundwork for them to be ratified soon after. 

Key Quotes:

“There are some very, very big markets that we will be able to take advantage of.’’ 

 “I’ve got news for you -- that we are beginning our actual discussions on July 24.’’

“Ninety percent of global growth in the next 10 years will be outside Europe.”

“If we as a country want to generate the wealth that we will need for all those things that everybody wants in terms of spending on public services, that growth is going to come from somewhere else.”