Business Secretary leaves door open to joining European trade area
The Business Secretary has left the door open to joining a tariff-free trading scheme with Europe following a meeting with the EU trade commissioner in Davos. Jonathan Reynolds’s meeting with Maros Sefcovic on Thursday came after the trade commissioner suggested Britain could join the Pan-Euro-Mediterranean Convention (PEM),
UK leaves door open to joining EU trading scheme
Downing Street has not ruled out the possibility of the UK joining an arrangement between the EU and neighbouring countries that is designed to facilitate tariff-free trading. On Wednesday, the EU's new trade chief Maros Sefcovic told the BBC he was open to Britain (PEM) as part of a post-Brexit "reset".
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Maros Sefcovic, a senior European official, said the trade bloc ‘could consider’ the UK joining the Pan-Euro-Mediterranean Convention.
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