President Barack Obama tells a London news conference that EU membership magnifies Britain's influence in the world, lending his support to those who want Britain to remain in the bloc. Rough Cut (no reporter narration).
ROUGH CUT - NATURAL (NO REPORTER NARRATION) STORY: U.S. President Barack Obama said on Friday Britain's membership of the European Union magnified its influence in the world, lending his support to those who want Britain to remain in the bloc ahead of a referendum in June. Britain was at its best when leading a strong Europe, Obama told reporters in London after meeting British Prime Minister David Cameron, adding that the outcome of the referendum was of deep interest to the United States which he said benefited from Britain being made more prosperous through EU membership. Obama said on Friday that if Britain left the European Union there might eventually be a new commerce agreement between the two countries, but that Britain would be at the back of the queue for a trade deal. Speaking to reporters in London alongside Prime Minister David Cameron, Obama poured cold water on arguments from those who back a Brexit that Britain would easily draw up new a trade deal with the United States after leaving the EU. "It's fair to say that maybe some point down the line there might be a UK-US trade agreement but that's not going to happen any time soon because our focus is in negotiating with a big bloc, the European Union, to get a trade agreement done," Obama said. "And the UK is going to be in the back of the queue not because we don't have a special relationship but because given the heavy lift on any trade agreement, us having access to a big market with a lot of countries rather than trying to do piecemeal trade agreements is hugely efficient."