The UK government minister has ruled out joining a pan-European trade agreement despite the EU's trade chief suggesting it. While the UK is open to reducing trade barriers, they have no current plans to join the Pan-Euro-Mediterranean Convention (PEM). Talks with businesses about PEM's benefits are ongoing, but the Labour Party maintains a strict stance against returning to the single market or customs union. Former Cabinet Secretary Michael Gove warns that any improved trading terms with the EU may come at a high cost.