“That [EU-UK trade relations] will be addressed in due course, once negotiations with the UK begin on its withdrawal agreement as well as on the agreement concerning its future relationship with the EU,” the spokesperson said.
After the June 27 informal meeting on Brexit, the European Council issued a statement saying that any agreement concluded with the United Kingdom would have to be based on a balance of rights and obligations, while access to the EU Single Market requires acceptance of all four freedoms. The four freedoms principle shaping EU's internal market are the freedom of movement of goods, workers, services and capital.
On June 23, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it. After the official results were revealed, Prime Minister David Cameron, who headed the Remain campaign, said he would resign in October.
Following the defeat, Cameron said also that the next UK government would have to make significant effort to gain access to the EU single market.