A bright new trading future for this Island Nation?
What will trade look like after Brexit?
Some of my leave voting Brexit friends have been making the most of the recent trade deals struck by the UK, imploring me to have faith in Liz Truss and her great achievements. I’m somewhat more sceptical of their trust in this government to deliver on it’s promises.
The BBC NEWS said:
“While it was an EU member, the UK was automatically part of about 40 trade deals which the EU had with more than 70 countries. In 2018, these deals represented about 11% of total UK trade.”
“So far, 29 of these existing deals, covering 58 countries or territories, have been rolled over and will start on 1 January 2021. The latest deal to be struck was with Mexico on 15 December.”
There are seven substantial deals from the 29 struck so far. And even with these seven many of them are continuity deals, just carrying over what we had before. Others are temporary, until a proper new deal can be negotiated. Sadly, they don’t come close to making up for the deals we will be losing by leaving the EU.
Please watch the video for more details, it’s about 12 minutes long.
by Neil Fairbairn
NOTE: Any views expressed in this opinion piece are those of the author only and not necessarily of the CLP or its wider membership.
TLDR NEWS Video