Brexit boom plan: How Britain will trade its way out of crisis outlined

UK Trade Minister Liz Truss in The Express today: ”Britain will be able to trade its way to recovery from the economic crisis caused by coronavirus thanks to the deals opening up to the country as a result of leaving the EU”.

Significantly, the UK is on the verge of joining one of the world’s biggest trade blocs, the Trans Pacific Partnership (TPP) – one of the fastest economic growth areas in the world – thanks to the agreement with Japan.

Other rollover deals from the EU in the pipeline include ones with Canada, Vietnam and Singapore.

Ms Truss said that Britain is on course for being a world hub for free trade boosting businesses across the country.

Her message of optimism comes as Boris Johnson yesterday told Ursula von der Leyen, the President of the European Commission, that time is running out for a trade deal with the UK.

The state of trade talks and the speed in which the Japan deal was agreed have boosted the government’s confidence that a deal with the EU is not essential.

In a Zoom call the Prime Minister warned Ms van der Leyen that Britain will stick by its October 15 deadline and is relaxed about trading on Australian terms with no formal deal.

According to Downing Street, the two leaders agreed that “progress had been made in recent weeks but that significant gaps remained, notably but not only in the areas of fisheries, the level playing field, and governance.”

“First of all we want to get a deal with the EU as well. It is perfectly possible. I don’t see this as an ‘either or’ it’s an ‘and’.”

Ms Truss also dismissed claims that a Joe Biden victory in the Presidential election will kill off hopes of a trade deal because of pressure from the EU over Ireland.

“We are completely committed to the Good Friday Agreement so we can address all the concerns that have been raised. During the talks I have been having, as well as talking to my counterparts in the trade department, I have also been talking to the Democrats and Republicans.

“That’s clearly important because every deal has to be passed through Congress and there is strong cross party support for a deal with the UK.

“People recognise that we are a high standard country, we are not going to be undercutting US workers, we are not going to be posing a threat to US manufacturing, we are complimentary countries who already do a lot of business together.

You can read the article here: Brexit boom plan: How Britain will trade its way out of crisis outlined

Source: DailyExpress