UK Prime Minister Theresa May said that the UK would have an independent trade policy that would allow for trade deals to be negotiated internationally.
"Our white paper will set out detailed proposals for a sustainable and close future relationship between the UK and the EU," she told parliament. "It will mark an important step in delivering the (referendum) decision of the British people."
May stated that she had warned European Union leaders last week that the British Parliament would not approve Britain's EU exit deal unless its future relationship with the bloc is clarified.
"I warned EU leaders I do not think this parliament will approve the withdrawal agreement in the autumn unless we have clarity about future relationship alongside it," May told parliament.
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EU officials have warned the British Prime Minister at the EU migration summit in Brussels that a "no deal" scenario could possibly crash the UK out of the EU and see it adopt WTO trade tariffs if no progress is achieved between the two sides.
The UK voted to exit the EU via a referendum in mid-2016, with just over half of the votes cast in favor of Brexit.
Some lawmakers are still asking for a second referendum to take place, though this seems increasingly unlikely, despite the efforts of pro-EU campaigning groups.