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Old 03.07.2016, 03:24
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

More bad news!

The EU are stating that Britain must first leave the EU before trade negotiations can begin. Negotiating will begin as a third country, AFTER Brexit.

At the EU summit this week the 27 government leaders - without the UK - agreed Brexit "divorce" talks should begin and end before any talks on a new settlement for the UK, Chris Morris says.
Brussels sources told our correspondent there was a real determination among the leaders not to mix the two.
The statement from the 27 said they wanted the UK to be "a close partner of the EU". But they also spoke of an agreement to be "concluded with the UK as a third country".
The phrase "third country" means the UK post-Brexit.
Outside the EU, the UK would trade with the bloc under World Trade Organization rules, pending a possible new deal on free trade.
WTO conditions would mean trade tariffs and non-tariff barriers, as the UK would no longer be in the EU single market.

http://www.bbc.com/news/uk-politics-...endum-36682735
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