Britain to respect eu rules as it strengthens trade ties with world partners hammond

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Britain to Respect EU Rules as it Strengthens Trade Ties with World Partners, Hammond

Philip Hammond, the UK's Chancellor of the Exchequer, has stated that Britain will respect EU rules and regulations as it strengthens its trade ties with other countries around the world. This comes as the UK prepares to leave the European Union (EU) and establish its own trade agreements with other nations.

Hammond emphasized that the UK's departure from the EU, commonly referred to as Brexit, does not mean that the country will abandon its commitment to upholding EU standards and regulations. Instead, the UK will work to establish its own trade agreements with other countries, while also ensuring that its products and services meet the high standards set by the EU.

The Chancellor's comments come as the UK government prepares to launch a new trade policy, which will focus on strengthening ties with countries around the world. The policy is expected to prioritize free trade agreements with countries such as the United States, Australia, and New Zealand, as well as with emerging markets such as China and India.

Hammond's statement is seen as a significant development in the UK's post-Brexit trade strategy, as it suggests that the country is committed to maintaining high standards of regulation and governance, while also seeking to expand its trade relationships with other nations.

Key points:

• The UK will respect EU rules and regulations as it strengthens its trade ties with other countries.
• The UK's departure from the EU does not mean that the country will abandon its commitment to upholding EU standards and regulations.
• The UK will work to establish its own trade agreements with other countries, while also ensuring that its products and services meet the high standards set by the EU.
• The UK government is preparing to launch a new trade policy, which will focus on strengthening ties with countries around the world.
• The policy is expected to prioritize free trade agreements with countries such as the United States, Australia, and New Zealand, as well as with emerging markets such as China and India.