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  /  Economy   /  UK hopes to agree 40 trade deals with European countries by 2020
A Second Referendum?

UK hopes to agree 40 trade deals with European countries by 2020

The UK hopes to have 40 trade arrangements with 70 countries in place by the end of the Brexit transition period in 2020, the international trade secretary has said.

Liam Fox told BBC Radio 4’s Today programme he hoped to “roll over” the arrangements from the EU agreements.

He said all those countries had been spoken to and had agreed they would like that outcome.

The UK is set to stick with current EU trade deals during the transition.

The UK is due to leave the EU on 29 March, 2019, with the proposed transition period – during which most of the current trade arrangements would continue – set to last until 31 December, 2020.

According to the proposals the UK and the EU have been negotiating, the idea is that the UK can negotiate its own future trade deals with other countries during the transition period, but only on the basis that they do not come into force until 1 January, 2021.