Tomorrow is David Davis’s Big Trade Deal Day

Back in July, David Davis, the Secretary of State for Exiting the European Union, said that September 9th would be the day that the Government started a ‘large round of global trade deals’ which would be concluded within two years. In doing so, he promised British participation in a free trade area ‘almost twice the size of the EU’ before negotiations between the UK and EU had been completed.

Commenting, Pat McFadden MP of the Open Britain campaign, said:

“I hope David Davis and Liam Fox are in the office early because tomorrow is the Big Trade Deal Day they promised.

“The clock starts ticking on the ‘large round’ of negotiations the Brexit Secretary said would start on September 9th and would be finished ‘within 12 and 24 months’.

“David Davis could not have been clearer. September 9th is the day when discussions with ‘all our major trading partners’ would be ‘triggered’, so I look forward to seeing tomorrow what deals have been triggered and with what countries.”

/ends

NOTES TO EDITORS

In a piece for Conservative Home in July, David Davis wrote: “I would expect the new Prime Minister on September 9th to immediately trigger a large round of global trade deals with all our most favoured trade partners. I would expect that the negotiation phase of most of them to be concluded within between 12 and 24 months. So within two years, before the negotiation with the EU is likely to be complete, and therefore before anything material has changed, we can negotiate a free trade area massively larger than the EU. Trade deals with the US and China alone will give us a trade area almost twice the size of the EU, and of course we will also be seeking deals with Hong Kong, Canada, Australia, India, Japan, the UAE, Indonesia – and many others.”
http://www.conservativehome.com/platform/2016/07/david-davis-trade-deals-tax-cuts-and-taking-time-before-triggering-article-50-a-brexit-economic-strategy-for-britain.html

Australia’s Trade Minister this week made clear that formal negotiations between Australia and the UK could not even start until after negotiations with the UK were complete:
http://www.theguardian.com/politics/2016/sep/07/no-free-trade-deal-until-brexit-settled-australian-minister-steven-ciobo

President Obama was also clear that he didn’t see any prospect of a fast-tracked trade deal between the UK and the US, saying it “would not make sense to put aside” existing negotiations with big blocs of countries in order to do an immediate deal with the UK:
https://www.theguardian.com/world/2016/sep/04/g20-theresa-may-warns-of-tough-times-for-uk-economy-after-brexit



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