The BNY Mellon Investment Management chief economist said Brexit trade talks with the European Union could ultimately influence British trade agreements with other countries. Mr Dhar said the expectation is for negotiations on the future relationship with Brussels will take “priority and precedence” over other potential deals once the UK leaves the bloc in January. But the new agreement in place with the EU could ultimately shape the trade arrangements the UK will adopt with other countries.
Speaking to Bloomberg, the economist said: “The EU talks will take priority and precedence and therefore the kinds of agreements we’ve made with the EU will affect the negotiations with other countries.
“To me, it looks like the initial position will be to head for what we might call a skinny deal with the EU based on good and, maybe, certain sectors in particular which could leave a fair amount of flexibility to make deal with other countries.”
Mr Dhar continued: “I think the UK factors the EU negotiations will take priority but that is not to say there will not be a lot of effort expended on getting trade deals with other countries up and running as soon as possible.
“There are other countries, predominantly the US but also we’ll be looking at Australia, we’ll be looking at Japan. We might look at something like the TPP, the Trans-Pacific Partnership. Read more
The BNY Mellon Investment Management chief economist said Brexit trade talks with the European Union could ultimately influence British trade agreements with other countries. Mr Dhar said the expectation is for negotiations on the future relationship with Brussels will take “priority and precedence” over other potential deals once the UK leaves the bloc in January.
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