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A Trade-Off in the Brexit Negotiations

Jan 10, 2017 | 01:20 GMT

Prime Minister Theresa May announces the United Kingdom's strategy for Brexit
British Prime Minister Theresa May revealed in a Jan. 8 interview that her administration is not interested in preserving remnants of its EU membership in Brexit negotiations. This suggests that May will try to strike a trade deal with Brussels.

(DAN KITWOOD/Getty Images)

London is in a tricky position going into the Brexit negotiations. Since roughly 44 percent of its exports go to the European Union -- the source of about 53 percent of its imports -- the United Kingdom will likely try to maintain as much access to the bloc's markets as possible. But membership in the EU internal market entails accepting workers from countries in the European Union. This is a sticking point for British voters in the "leave" camp and for British Prime Minister Theresa May's government, which has promised to reduce immigration by withdrawing from the European Union. If the United Kingdom closes its borders to EU workers, however, the European Union is unlikely to grant it continued access to the internal market for fear that other countries would try to follow its example. In a televised interview on Sunday, May offered some insight into her plans for navigating the...

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