Monday 31 October 2016

Britain wants tariff-free trading for motor industry following Brexit


Britain is looking forward to a tariff free trading for its booming motor industry.

Last month Nissan's CEO Carlos Ghosn said he would need a guarantee of compensation to offset any tariffs imposed when Britain leaves the European Union, before deciding whether to build new models at the Sunderland factory in northeast England.

Business Secretary Greg Clark said the government was determined the motor industry would remain competitive, and he had told Nissan it wanted to negotiate tariff-free trade for the sector with the remaining 27 EU members.

"Our objective would be ensure we have continued access to the markets in Europe and vice versa without tariffs and without bureaucratic impediments, and that is how we will approach those negotiations," he told BBC.

However, he added that a promise of money to compensate for tariffs was not part of an agreement with Nissan.

Nissan announced on Thursday that it would build the next generation of its Qashqai and X-Trail models at Sunderland, which directly employs around 7,000 people and exports 55 percent of its cars to Europe.



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