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Why post-Brexit UK is 'less attractive' for China

Why post-Brexit UK is 'less attractive' for China
From Al Jazeera - February 5, 2018

Britain's Prime Minister Theresa May has recently been in China to forge new trade partnerships for the time after Brexit. May hopes to secure a free trade agreement before leaving the European Union in 2019.

The UK sends 3.1 percent of its exports to China, while just seven percent of its imports are from China, according to theOffice for National Statistics.

Doing business with the UK post-Brexit will not be easy for China, according to Jianwei Xu, a senior economist for China Natixis.

"It's not going to be as easy as people may think because after Brexit, the UK will have to go through a lot of procedures to sign any contracts, to sign any trade deals with a third country. First, it needs to settle its Brexit deal ... before that, it cannot even discuss multilateral tariff schemes."

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