EU-UK Future Trade Issue to Be Addressed Only After Start of Withdrawal

© REUTERS / Jon NazcaThe Union Jack (bottom) and the European Union flag are seen flying, at the border of Gibraltar with Spain, in the British overseas territory of Gibraltar, historically claimed by Spain, June 27, 2016, after Britain voted to leave the European Union in the EU Brexit referendum
The Union Jack (bottom) and the European Union flag are seen flying, at the border of Gibraltar with Spain, in the British overseas territory of Gibraltar, historically claimed by Spain, June 27, 2016, after Britain voted to leave the European Union in the EU Brexit referendum - Sputnik International
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Trade relations between the European Union and the United Kingdom will be discussed only after the beginning of negotiations on Britain's withdrawal process from the bloc, the European Commission spokesperson told Sputnik Thursday.

Participants hold a British Union flag and an EU flag during a pro-EU referendum event at Parliament Square in London. - Sputnik International
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MOSCOW (Sputnik) — Earlier on Thursday, UK Home Secretary and candidate for the Conservative Party's leadership Theresa May said there would be no changes to the EU-UK trade in the near future.

“That [EU-UK trade relations] will be addressed in due course, once negotiations with the UK begin on its withdrawal agreement as well as on the agreement concerning its future relationship with the EU,” the spokesperson said.

After the June 27 informal meeting on Brexit, the European Council issued a statement saying that any agreement concluded with the United Kingdom would have to be based on a balance of rights and obligations, while access to the EU Single Market requires acceptance of all four freedoms. The four freedoms principle shaping EU's internal market are the freedom of movement of goods, workers, services and capital.

On June 23, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.  After the official results were revealed, Prime Minister David Cameron, who headed the Remain campaign, said he would resign in October.

Following the defeat, Cameron said also that the next UK government would have to make significant effort to gain access to the EU single market.

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