Brexit would leave UK at back of the queue on trade: Obama

Outcome of June 23 referendum is a matter of "deep interest" to the US, because it "affects our prosperity as well", Obama says

Image
Press Trust of India London
Last Updated : Apr 23 2016 | 9:10 PM IST
US President Barack Obama has said Britain would go to the "back of the queue" for trade deals with America if it evotes to leave the European Union in the June 23 referendum.

The outcome of the decision is a matter of "deep interest" to the US, because it "affects our prosperity as well", he said here.

"The UK is at its best when it's helping to lead a strong European Union. It leverages UK power to be part of the EU. I don't think the EU moderates British influence in the world, it magnifies it," he said.

Also Read

"America wants Britain's influence to grow, including within Europe," added Obama, standing alongside Prime Minister David Cameron at a press conference at the Foreign Office yesterday.

When asked what would happen if Britain voted to quit, Obama said that while "maybe at some point" it could seal a trade deal with the US, "it's not going to happen any time soon".

"The UK's going to be at the back of the queue," he said at the start of a three-day visit to the UK that has been dominated by his strong intervention in favour of Britain voting to stay within the 28-country bloc in the June 23 referendum.

Cameron said being a member of the EU strengthened Britain's "special relationship".

On the UK's upcoming referendum on its EU membership, he said: "This is our choice - nobody else's - the sovereign choice of the British people. But as we make that choice, it surely makes sense to listen to what our friends think."

On whether he should be intervening on the UK's referendum, Obama said: "Let me be clear: ultimately this is something the British voters have to decide for themselves.

"As part of our special relationship, part of being friends is to be honest and to let you know what I think, and speaking honestly, the outcome of that decision is a matter of deep interest to the US, because it affects our prosperity as well."

His remarks drew a furious reaction from those in favour of a Brexit, with London mayor Boris Johnson even alluding to his anti-colonial sentiments and "part-Kenyan" ancestry.

"I love Winston Churchill, love the guy," he told reporters in reference to Johnson's claims that he had moved Britain's war-time Prime Minister's bust out of the Oval Office in the White House.

"There's only so many tables where you can put busts, otherwise it starts looking a little cluttered," he explained.

Obama will be heading to Germany at the end of his three-nation tour which also included Saudi Arabia.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 23 2016 | 7:32 PM IST

Next Story