EFTA trade bloc bracing for Brexit without accord

The four-nation EFTA trade alliance is drawing up contingency plans in case Britain crashes out of the EU without an accord on its future ties with the EU, EFTA's secretary general told Neue Zuercher Zeitung.

“We cannot rule out a no-deal scenario until the last moment. Therefore, all parties must take precautions to minimise disruption of economic and financial flows and to secure the essential rights and obligations of citizens in such a case. This also applies to the EFTA states,” Swiss diplomat Henri Getaz said. Asked whether EFTA states would be prepared should this option become an issue, Getaz said: “The question is not on the agenda until further notice. But if the British decide to do so, the EFTA states would consider it.” Switzerland, Norway, Iceland and Liechtenstein comprise the European Free Trade Association.

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