On global trade

Leaving the EU would give the UK the freedom to make its own global trade deals

  • The EU is in economic decline, with an ageing population and population growth at much lower rates than the rest of the world. 
  • The UK's exports to the rest of the world are growing twice as fast as the UK's exports to the EU. The UK's three fastest growing export markets are outside the EU.
  • Leaving the EU would provide the UK with the freedom to negotiate its own free trade deals; crucial when the EU has effectively become an uncompetitive trading bloc.
  • EU trade negotiations with major economies like Japan, India and the UAE have all either been suspended or are barely moving.
  • Australia, South Korea and Japan are all thriving economies that conduct trade policy on a bilateral basis, rather than joining free trade zones.

It's increasingly clear that the one-size-fits-all, protectionist and slow-moving nature of the EU doesn't suit the UK's commercial needs. Moreover, it prevents the UK from taking full advantage of a surging global economy; the UK is effectively prevented from capitalising on its unrivalled influence throughout the rest of the world.

Britain's relationship with the EU needs to change so that it is based on trade, not political union. Indeed, it is not political union with the EU on which many British jobs are dependent, but trade. And given that we buy more from the EU than it buys from us, it is unlikely that the EU would seek to change this in the event of us leaving.

If trade with the EU is important for UK jobs, then global trade is arguably even more so. Currently, the EU signs trade deals with the rest of the world that it has negotiated on our behalf (often taking years to do so). Leaving the EU would give Britain the legal right to negotiate its own agreements, as currently, the European Commission speaks for all EU member states at World Trade Organisation meetings - including the UK. Leaving the EU would give us our own seat - and therefore more influence - at the W.T.O.

We believe it would be preferable for Britain to have a direct say on a global level rather than hoping to have any real influence inside an EU that does not have Britain's best interests at heart.

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