May seeks trade deals with Commonwealth

Economy | Politics 10/19/2016, 2:19 PM
May seeks trade deals with Commonwealth

British prime minister Theresa May said on Wednesday that her cabinet is considering the possibility of agreeing trade deals with the Commonwealth countries in the wake of the country's decision to leave the European Union.

Speaking to the parliament at the weekly Prime Minster's Question session, May explained such arrangements represent a crucial step in forging the United Kingdom's new role in global trade.

May also received questions from a fellow Conservative, Ken Clarke, about divisions in the government regarding Brexit negotiations. In response, she reiterated her earlier stance, saying that the U.K. primarily wants to regain control of immigration to the island, while securing the "best possible" access for businesses to the European single market. She added that the parliament will have its say on the matter "in a whole variety of ways."

TeleTrader Newsroom / IB