Great Britain is expected to rebuild its trade relations with the European Union, having concluded a trade agreement with the United States, the governor of the Bank of England said on Friday.Bailey told the BBC that he “would be beneficial” so that Great Britain has “a more open economy to trade with the European Union”.US President Donald Trump unveiled a “revolutionary” trade agreement on Thursday with Great Britain, the first agreement with any country since he launched his world prices Blitz.The EU remains the British trading partner despite Brexit, who saw Great Britain leave the EU in 2020.However, “there has been a fall in trade in goods with the EU in recent years,” Bailey told the disseminator concerning the impact of Brexit on Great Britain.Bailey added in the interview that he hoped that Great Britain could “begin to rebuild this relationship” with his neighbor.His comments became before an UE-UK summit on May 19 due to the reset of the links with the block of 27 countries.The US agreement reduces prices on British cars and lifts them in steel and aluminum, while in return, Great Britain will open markets to American beef and other agricultural products.British Prime Minister Keir Starmer praised him as a “historic day”, although the agreement is thin on the details and that the two parties said that there would be more negotiations.Great Britain this week also concluded a free trade agreement with India, its greatest agreement of this type since it voted to leave the European Union in 2016.
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