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UK Economic Chief Outlines Proposed EU Reforms Amid Questions Over Trade Ramifications

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The UK’s Chancellor of the Exchequer has outlined some of the areas where his country would like to see changes in its relationship with the EU, as London attempts to lay the groundwork for treaty renegotiation ahead of an impending referendum regarding its continued membership in the 28-nation bloc. The prospects of a potential “Brexit” have raised questions over what this could mean in economic terms, including with regards to international trade agreements. Speaking in Berlin to Germany’s BDI industry body on Tuesday, George Osborne highlighted trade, investment, business, friendship, and shared values between the UK and Germany as he made his pitch – while making it clear that the British people “do not want to be part of a closer union.” “We want Britain to remain in a reformed European Union. But it needs to be a European Union that works better for all the citizens of Europe – and works better for Britain too. It needs to be a Europe where we are not part of that ever closer union you are more comfortable with,” he continued. The UK and Germany are the largest economies in the EU, making up two-thirds of the 28-nation bloc’s economic growth. Receiving...

Tags: European Union (EU), European Union (EU), Regional Trade Agreements (RTAs), Transatlantic Trade and Investment Partnership (TTIP), United Kingdom

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