Head of WTO says she hopes there will be no UK-EU trade war

© Reuters. FILE PHOTO: World Trade Organization Director-General Ngozi Okonjo-Iweala speaks during a European Union Foreign Trade ministers meeting at the European Council headquarters in Brussels, Belgium May 20, 2021. Francisco Seco/Pool via REUTERS

(Reuters) – The head of the World Trade Organization said on Saturday she hoped that post-Brexit tensions between Britain and the European Union would not escalate into a trade war.

“I would really, really hope that a UK-EU trade war will not take place,” WTO Director-General Ngozi Okonjo-Iweala said in response to a question when speaking to reporters covering a Group of Seven leaders’ summit in southwestern England.

“With all the opportunities there are too for dialogue, I would be a little surprised if we ended up with a UK-EU trade war,” she said. “It’s too costly for both sides. This is not what the world needs right now.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

See also  Mexico Has Two Options in Dealing with Trump Demands on Migration. Both Could Hurt.



Please enter your comment!
Please enter your name here