US Evaluating Impact of Brexit on TTIP Free Trade Deal

© AFP 2022 / Justin TallisA woman demonstrates in central London on October 11, 2014, against the proposed Transatlantic Trade and Investment Partnership (TTIP).
A woman demonstrates in central London on October 11, 2014, against the proposed Transatlantic Trade and Investment Partnership (TTIP). - Sputnik International
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The United States is studying the impact of UK voters’ decision to exit the European Union on the Transatlantic Trade and Investment Partnership (TTIP) free trade agreement negotiated by EU and US authorities, US Trade Representative Michael Froman said in a statement on Friday.

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WASHINGTON (Sputnik) — The TTIP free trade agreement, negotiated since 2013, involves the creation of a free trade zone between Europe and the United States. Canada, Mexico, Switzerland, Liechtenstein, Norway and Iceland will also participate in the TTIP deal.

"We are evaluating the impact of the United Kingdom's decision on TTIP and look forward to continuing our engagement with the European Union and our relations with the United Kingdom," Froman stated.

The trade representative noted that the economic and strategic rationale for TTIP agreement remains strong.

On Thursday, the United Kingdom held a referendum on United Kingdom's EU membership. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support exiting the European Union, a move also known as Brexit, while about 16.1 million opposed it.

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