British Prime Minister Boris Johnson would consider a looser trade agreement wit...
People celebrate at the statue of Winston Churchill as Britain leaves the EU on Brexit day in London, Britain, January 31, 2020. REUTERS/Henry Nicholls
“There are only two likely outcomes in negotiation - a free trade deal like Canada or a looser arrangement like Australia - and we are happy to pursue both,” the source said. Previously Johnson has said his main goal is to reach a Canada-style trade deal with the EU before an 11-month transition period expires at the end of the year, after which British firms would face tariffs to sell goods to the EU.
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