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#StrongerIn: Post-Brexit trade deal with US could take ten years, Obama warns

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barack-obama-getty_0The UK could take up to 10 years to negotiate trade deals with the US if it leaves the EU, Barack Obama has said.

In a BBC interview, the US president said: "It could be five years from now, ten years from now before we were able to actually get something done."

Britain would also have less influence globally if it left, he added.

His warning over trade has angered UK campaigners for leaving the EU - with UKIP leader Nigel Farage dismissing Obama's comments as "utter tosh".

Obama has previously said the UK would be at the "back of the queue" for trade deals with the US, if it left the EU.

When asked about the comments, he told the BBC: "The UK would not be able to negotiate something with the United States faster than the EU.

"We wouldn't abandon our efforts to negotiate a trade deal with our largest trading partner, the European market."

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He also warned the UK would have "less influence in Europe and as a consequence, less influence globally", if it left the EU.

But Farage told the BBC: "To hear an American president coming to London to threaten us, I don't think goes down very well."

He said other countries including Oman and Australia had been able to negotiate trade deals with the US and the president had been "parroting" Downing Street.

Labour MP Gisela Stuart, who co-chairs Vote Leave, added that it was "extraordinary" the US should urge Britain to remain part of a "dysfunctional organization".

Tory MP Liam Fox told BBC Radio 4's The World This Weekend: "People in Britain are fairly resistant to messages from outside." Britain's trade relations with the US would be "a matter for the next president, who may not be of his party, anyway".

But Home Secretary Theresa May told the BBC's Andrew Marr Show it was "perfectly reasonable" for the US president to give his views on trade relations between his country, the UK and the EU.

Voters will take his views "on board" and make their own judgements, she said.

Labour MP Chuka Umunna told Sky Obama's comments "weren't about instructing us... but, as a close ally and friend of the UK, giving a view".

The UK's referendum on whether the country should stay in the EU or leave will take place on 23 June.

'Transatlantic co-operation'

Obama is pushing hard for a proposed Transatlantic Trade and Investment Partnership (TTIP) deal, to cut tariffs and regulatory barriers between the US and EU countries.

Speaking at a news conference with German Chancellor Angela Merkel in Hanover on Sunday (24 April), Obama said the US and the European Union should "keep moving forward" with the negotiations.

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