Thread: UK & EU Agree Post-Brexit Trade Deal
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Old 17-08-2020, 19:32   #3448
OLD BOY
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Re: Brexit-Transitional Period Ends 31/12/20
Quote:
Originally Posted by 1andrew1 View Post
Truss is too academic and head in the sky to run such a hands-on department. That's part of the problem.
Well, this is Liz Truss's take on the present position on trade deals. She sounds a bit more optimistic than you, Andrew. I wouldn't write her off just yet.

https://www.telegraph.co.uk/opinion/...h-bin-history/

[EXTRACT]

We are in a series of negotiations with the US, Japan, Australia and New Zealand to strike new free trade agreements and lower tariffs for our exporters. Talks in all four are progressing well.

Round four of US negotiations starts soon, where we’ll talk directly about tariffs. On Japan, we have consensus on the major elements of a deal that will go beyond the agreement the EU has with Japan.

We aim to have agreement in principle by the end of August. Round two of talks with Australia starts in mid-September, and the second round of discussions with New Zealand starts a month later.

These deals are an important step towards accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which will hitch Britain to one of the world’s fastest-growing parts of the globe.

CPTPP reduces tariffs on 95 per cent of goods between members – but also sets high standards in areas such as digital trade and data.

Membership will help put Britain at the centre of a network of free trade agreements where parties treat each other fairly, play by the rules, and help make us a hub for businesses trading with the rest of the world.

Ultimately, all these agreements will bring down tariffs for our producers. The US deal could boost trade by £15 billion and wipe out almost half a billion pounds of tariffs – benefiting Scotland, the Midlands and the North East the most – helping to level-up our country.

They will also help defend British businesses, including our brilliant whisky producers, against the effects of protectionism by guaranteeing market access in a period where trade barriers across the world are going up.

At a time of rising global insecurity, in an era of creeping protectionism and in the midst of a global pandemic, I firmly believe free and fair trade remains the best way forward for the world and for Britain.
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