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United Kingdom and Switzerland to sign post-Brexit trade agreement

United Kingdom and Switzerland to sign post-Brexit trade agreement

It is so far uncertain whether Britain will strike a deal with the European Union before its legally binding exit date of March 29, after a huge majority of legislators in January voted down Prime Minister Theresa May's painstakingly negotiated accord with Brussels.

The UK housing minister says Prime Minister Theresa May will give parliament another chance to debate and vote on Brexit this month.

She hopes to get Brussels to agree to revisions, but so far the European Union, with the united support of all the other 27 member countries, has refused to reopen negotiations on the text of the 585-page agreement. We've now got a response from the prime minister.

Barclay will travel to Strasbourg on Tuesday to set out the UK's stance to MEPs, and the foreign secretary, Jeremy Hunt, will take the same message to Paris.

Labour's Brexit policy chief Keir Starmer told the Sunday Times newspaper that his party would seek to use the debate in parliament this week to prevent May from waiting until the last minute to come back with a deal, and compel her to present a fresh accord for lawmakers to consider before February 26.

It is planned he will have dinner with the EU's chief negotiator Michel Barnier later this evening.

Economists say a no-deal Brexit would affect more than 100,000 jobs in Germany that depend on trade with Britain, with the auto industry hardest hit.

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Prime Minister Theresa May is to give a statement to Parliament on Tuesday on the latest developments in Brexit talks, Downing Street announced.

The new agreement will help to further boost burgeoning trade between the United Kingdom and Switzerland, which in 2017 amounted to over 32 billion pounds ($41 billion), according to the UK Department for International Trade.

The impasse risks a chaotic departure that would hurt the economy.

"I'm certain of one thing, is that it's not going to be as good as if they had not been Brexit, that is for sure", Lagarde said.

The new trade deal will come into effect after the end of the Brexit transition period.

The Office for National Statistics said the country's trade in goods deficit with European Union countries widened by 0.2 billion pounds in 2018 to a record 94.9 billion pounds ($122 billion). It would also prevent Britain negotiating bilateral trade deals with non-EU countries.

May has indicated, to the fury of Brexiters, that she is prepared to negotiate with Corbyn, raising their suspicions she might opt to ask the EU for Britain to remain permanently in the customs union, a deal she could get the Commons to endorse by seeking cross-party support. They suggested it was now time for Jeremy Corbyn to do so.