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Britain wants financial services included in EU trade deal

A British one pound sterling coin, a one euro coin and a US quarter dollar coin are arranged and photographed in central London, in this October 5, 2017 photo. (AFP)
LONDON: Britain wants to include financial services in a trade deal with the European Union which covers a full sweep of economic areas, Brexit minister David Davis said on Tuesday.
Davis said that any deal that left out finance would be “cherry- picking,” after the EU’s Brexit negotiator Michel Barnier cast doubt on the inclusion of financial services in a free-trade deal.
“We are looking at the full sweep of economic cooperation that currently exists and determining how that can be maintained with the minimum additional barriers or friction,” Davis wrote in The Daily Telegraph, adding that the principles of a trade deal in goods could be applied to services too.
“I do not believe the strength of this cooperation needs change because we are leaving the European Union, so long as it is understood that this involves working together, not simply rule taking. These principles can be applied to services trade too.”
Last month, Barnier said he was not aware of any free-trade deal the EU had concluded which included unfettered access to financial services.

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