Business minister: Brexit will provide opportunities, including for autos sector
[LONDON] There will be medium- and long-term opportunities from Britain's vote to leave the European Union, including for the auto industry, business minister Sajid Javid said on Tuesday.
"Because of last week's decision of course there are some short term challenges for businesses but we must also remember there are medium-term and long-term opportunities for business as well, and that includes the auto industry," Mr Javid told parliament during a regular question session.
He also said that Britain should start "embracing" the opportunities provided by Brexit, or Britain's vote to leave the European Union.
"Free trade agreements with many more countries is just one of those, Australia I think is an excellent example, it is exactly the thing we should be working on," he said.
REUTERS
For more coverage of the EU referendum, visit bt.sg/BrexiT
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April
Eurozone economy rebounds in first quarter, inflation stable in April
The Fed’s quantitative easing programme has cost too much