Britain's Prime Minister Theresa May
British Prime Minister called for businesses on Wednesday to invest in a post-Britain U.K., by praising free trade, innovation and cooperation between trading partners.
With uncertainty surrounding the U.K. leaving the European Union, May said Britain’s relationship with the EU will change, but the two will continue to be close trade partners.
"We are looking for a frictionless trade," May said in her speech at Bloomberg Global Business Forum 2018 held in New York.
Looking beyond the EU, she said the U.K. wants to engage in the "most ambitious" trade relations with other countries and businesses around the world.
"Whatever is your business, if you invest in post-Brexit Britain, we will give you the lowest tax rate in [the] G20," May said.
"We are seeing more investment in [the] U.K. in [the] past three years, compared to [the] rest of the EU combined," she said, adding "Post-Brexit Britain will be a trusted partner and will face the challenges of global economy."
May also called for a change in the World Trade Organization (WTO), saying it should adapt to changes in global economy.
"We need to give the WTO a broad ambitious mandate reform to maintain trust in the system," she said, highlighting some of the issues such as legitimacy and transparency.
The European Union's negotiator Michel Barnier said on Wednesday that he was working for a Brexit deal and a future cooperation model with Britain that would respect the UK's sovereignty.Barnier said after meeting the head of the European Economic and Social Committee, which represents trade unions and employers: "We are working for an orderly Brexit and a new partnership that respects the UK's sovereignty, as well as the founding principles of the EU, such as the integrity of the single market."London eyes partnership with Turkey's business sectorMacron does not want Brexit talks to drag: official
EU negotiator seeks orderly Brexit, new partnership respecting UK sovereignty