Fri | Oct 19, 2018

Brexit secretary says a no-deal divorce now less likely

Published:Sunday | December 10, 2017 | 11:44 AM

LONDON (AP) — The man in charge of Britain’s departure from the European Union says the chances the country will leave the 28-nation bloc with no trade deal have “dropped dramatically” after the two sides reached a preliminary agreement on divorce terms.

David Davis told the BBC today that the deal hammered out by British Prime Minister Theresa May last week means Brexit talks can now move onto the next phase, giving Britain enough time to negotiate a free-trade agreement before it leaves the EU in March 2019.

He says that makes it highly unlikely Britain will have to fall back on World Trade Organization rules that would impose tariffs on trade.

Davis said: “The odds, as it were, against a WTO, or no-deal outcome, have dropped dramatically.”