Countdown to trade negotiations


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.

The Secretary of State for Brexit said himself in July: 

“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.” ConHome, July 2016, link

This week alone, both the United States and Australia have said striking up trade deals this soon is impossible.

It is membership of the Single Market that not only protects British jobs and businesses but will also allow us to get a better trade deal with other countries when they actually start being discussed in reality.