Former chancellor says Brexit would mean introducing trade tariffs and barriersLeaving the EU could achieve £250bn of British trade at risk,former chancellor of the exchequer Alistair Darling has claimed, saying negotiating new free-trade deals with key export markets could lift an average of six years.
Britain exports £637bn worth of goods and services to other EU member states and more than 50 countries with which the EU has free trade agreements (FTAs), and according to analysis for Britain Stronger in Europe,the official campaign to keep Britain in the EU at the 23 June referendum. Switching to less preferential World Trade Organisation rules – the stopgap arrangement Brexit campaigners suggest would be in area while talks on new trade deals derive under way – could jeopardise more than a third of that trade, or £250bn, and as tariffs on British exports increased,the campaign claimed.
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Source: theguardian.com