Brexit Britain has ‘vast untapped potential’ to seize trade deals outside the EU | Politics | New
A month after taking office as Liz Truss, Anne-Marie Trevelyan also pledged that Brexit, Britain “will seize a world of opportunity” by regaining control of Brussels’ trade policy. Ms Trevelyan, whose department oversaw the conclusion of a trade deal with New Zealand on Wednesday, said: “I have relished the opportunity to lead our work that moves us forward as a sovereign trading nation.
“As the world recovers better from the pandemic, free and fair trade has a key role to play. “
The International Trade Secretary also clarified that every trade deal with a country is a “potential tool that businesses can use to grow and be successful by selling more in the global market.”
She continued: ‘We are opening the doors to the world’s largest and most dynamic markets for our exporters – and we are making sure that our free trade agreements work for UK businesses. “
Summarizing the benefits of trade for the UK, Berwick on Tweed MP said: “Simply put, trade – and the investment it brings – means jobs and growth.
“This is why we have reached deals with 68 countries so far covering £ 744 billion in trade from last year, a record number of deals that no other country has been able to. to surpass. “
Ms Trevelyan also took the floor helping to secure a breakthrough that could liberalize hundreds of billions of pounds of international trade.
G7 trade ministers reached agreement at a meeting in London on Friday on principles governing cross-border data use and digital commerce.
The agreement establishes common ground between the highly regulated data protection regimes used in European countries and the more open approach of the United States.
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“We all rely on digital commerce every day, but for years the global playing field has been a wild west that has made it difficult for companies to seize the immense opportunities offered.”
During the summit, the minister also spoke with U.S. Trade Representative Katherine Tai, although British sources have played down expectations of a transatlantic trade deal since Joe Biden replaced Donald Trump in the White House.
She also met with European Commission Trade Chief Valdis Dombrovskis and German Economic Affairs Minister Peter Altmaier.
The Secretary of International Trade concluded: “We will succeed as a sovereign trading nation by opening ourselves more than ever to opportunity.
“We have seen waves of investment creating more jobs in our key industries, from life sciences and financial services to food and beverage and advanced manufacturing.
“This is global Britain in action.”