Post-Brexit UK-U.S. trade deal could take a decade, Obama tells BBC | Reuters

LONDON A trade deal between Britain and the United States could take five to 10 years to negotiate if Britain votes to leave the European Union at a June 23 referendum, U.S. President Barack Obama told the BBC in an interview broadcast on Sunday.

"It could be five years from now, 10 years from now before we're actually able to get something done," Obama told the British broadcaster in an excerpt posted online.

Obama, who is in the last nine months of his presidential term, has spent the last three days in London urging Britons to remain part of the EU as a divided British public prepares to vote on whether to remain a member of the 28-country bloc.

He told the BBC that Britain would not get preferential treatment over the EU when it came to negotiating a new trade deal.

"The UK would not be able negotiate something with the United States faster than the EU," Obama said. "We wouldn't abandon our efforts to negotiate a trade deal with our largest trading partner, the European market."

Obama's visit and decision to intervene in the EU debate has angered the Eurosceptic "Out" campaign, which has repeatedly argued that Britain could easily negotiate deals and get better terms outside the EU.

(Reporting by William James; Editing by Bill Trott)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Apr 24, 2016 08:45 AM

Also Watch

It's A Wrap: Omerta star Rajkummar Rao in conversation with Parul Sharma
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Thursday, April 19, 2018 Watch: National-level skater and coach Dhwanit Rele trains and nurtures budding athletes
  • Monday, May 14, 2018 FOMO Episode 1: Google Assistant, This is America, Sonam's wedding & Global Warming
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See