The UK as a leader for free trade

image_pdfimage_print

Most people in the UK want us to promote more free trade, not introduce new barriers.

If this can be done fairly, with reductions in barriers on both sides, it will help boost our prosperity.

Our trade with the rest of the world is in surplus, showing that we have an EU trade problem, not a global trade problem.

There can be some early and easy wins for trade policy as soon as the UK takes back control over this important matter.

The UK can offer tariff free access to our market to emerging market producers of tropical produce in return for better access to their markets.

Old friends and trading partners like Australia, New Zealand. Singapore and the USA will welcome Free Trade Agreements with us.

The Free Trade Agreements the EU has with third countries can novate to us as well as to the rest of the EU.

I know of no country that has a trade agreement with the EU that wants to impose new barriers against the UK once we have left.

Some say such arrangements may be possible but will not offset the loss of our current trading arrangements with the rest of the EU
I disagree.

It would be strange indeed if the EU want to impose tariffs and other barriers on trade in goods given their huge surplus in that trade today

We will carry on exporting to them one way or another.

Today the bulk of our trade is carried out under WTO rules with tariffs imposed by the EU.

This is why I do not think we have to choose between being free and being rich

We do not need to stay in some Faustian pact, trading freedom for more exports

The gloomy arguments that we will suffer from leaving are not merely misleading about the economy

They are also too narrowly concentrated on business profit and loss when we should be talking more of freedom and self government.

Leave a Reply

Your email address will not be published.