Even though the UK wishes to keep close ties with the EU, Brexit will force it to seek trade ties elsewhere, Greg Hands, the minister of state for international trade, tells Dagens Industri in an exclusive interview.
The minister acknowledges that the UK must increase its exports to China and India, but also points out that many of its key markets are in the EU. “We export more to Sweden, the Nordic region and the Baltic region that to China and India together,” he says.
Mr Hands met Ann Linde, the Swedish minister for EU affairs and trade, in Stockholm last Friday to discuss free trade, and tells the newspaper: “We had a very positive discussion on cooperation in various trade fora, including the WTO. We spoke of our common interest in free trade being on the world agenda.”