Bloc could end up on better terms with the Commonwealth nations after Brexit than UK

The EU has leaped ahead of the UK in the pursuit of free trade deals with Australia and New Zealand after member states gave the green light for talks to start within weeks.

With Theresa May insistent that leaving the EU will involve exiting the customs union and external commercial policy, the announcement from Brussels opens up the possibility that the bloc could enjoy better terms with the two Commonwealth nations after Brexit than the UK will.

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Read More EU gets green light to hold trade talks with Australia and New Zealand

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