A new report from the parliamentary International Trade Committee discusses the Government’s attempts to ‘roll over’ the existing trade deals from which the UK benefits as a member state of the EU.
As the report states, “unless action is taken, these trade agreements will cease to apply to the UK, without exception, at the point of Brexit in March 2019. In consequence, barriers to trade will be imposed.”
Commenting, Tom Brake MP, leading supporter of Open Britain, said:
“With just over a year to go, we still have no idea whether the Government will be able to roll over the existing trade deals from which we benefit as an EU member state.
“Liam Fox said at the Conservative Party conference last year that he’d have 40 new trade deals ready to go straight after Brexit. That’s not going to happen, and not only that, we’re in danger of losing many of the deals we’ve already got.
“’Global Britain’ is turning into the punchline of a bad joke: Brexit threatens to weaken our international trade, not strengthen it. If that’s the consequence of Brexit, everyone is entitled to keep an open mind about whether it’s the right path for the country.”