- World Trade Organization Director General Roberto Azevedo: Britain’s exit from the European Union (EU) would cost Britain billions
Market news
25 May 2016
World Trade Organization Director General Roberto Azevedo: Britain’s exit from the European Union (EU) would cost Britain billions
World Trade Organization (WTO) Director General Roberto Azevedo said in an interview with the Financial Times on Wednesday that Britain's exit from the European Union (EU) would cost Britain $13.2 billion in annual additional import tariffs, adding that the country's trade deals had to be renegotiated.
"Pretty much all of the UK's trade would somehow have to be negotiated," he said.
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