As reported by Censor.NET citing The Guardian, Foreign Secretary Philip Hammond announced speaking in the House of Commons on Tuesday.
Hammond believes that signing bilateral trade agreements with the EU countries in the interim may be limited.
"The concern is this," he said. "If a future treaty between the UK and the EU 27 is deemed to be a mixed competence, it will have to be ratified by 27 national parliaments. I think I am right in saying the shortest time in which that has been done in any EU treaty is just under four years, and that is after taking into account the time it has taken to negotiate."
Earlier, it was reported that the UK voted to leave the EU by 52% to 48% at a referendum on June 23. Leave won the majority of votes in England and Wales, while every council in Scotland saw Remain majorities. London, Scotland and Northern Ireland voted for remaining within the EU, while the rest of the United Kingdom said their 'no' to the Union. After the announcement of the results, Prime Minister David Cameron said he would resign by fall of this year. President of the European Council Donald Tusk stated the remaining 27 member countries of the European Union intended to keep their unity after the UK leaves the bloc.
Ukraine's Foreign Minister Pavlo Klimkin announced that regardless of the referendum outcomes, the UK will remain key friend and partner of Ukraine. President Petro Poroshenko also stressed his hopes that the results will not affect extension of sanctions against Russia.
On June 28, the European Parliament in its resolution called for swift Brexit to end uncertainty and for deep EU reform.
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