The UK has agreed its first post-Brexit free trade deal in principle

Britain and Israel have shaken hands on a future deal ahead of the UK’s planned departure from the EU bloc.

“As Britain prepares to leave the European Union and to ensure continuity for our businesses in both directions, we’ve reached agreement in principle today with our colleagues in Israel,” Liam Fox, the UK international trade secretary, said at the World Economic Forum summit.

Calling Israel “one of the most cooperative and productive partners” of the UK, Fox added that: “The continuity as we leave the European Union will be a precursor to an even more ambitious agreement in the future.”

Israel’s minister of the economy, Eli Cohen, added that trade between the countries broke the $10bn barrier last year.

“I am sure that this free trade agreement will help us to accelerate and increase even more and strengthen our economic relationship.”

Source/ Picture source: http://www.cityam.com/272092/davos-liam-fox-agrees-future-trade-deal-israel-uk-seeks