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‘We are ready’ NO DEAL Brexit plans unveiled to make Britain free trade powerhouse

MINISTERS will unveil two crucial bills which will prepare Britain for “no deal” with the EU and take the first step to turning it into an independent free trade powerhouse.

Details of the Trade Bill and Customs Bill are due to be revealed on Tuesday as America’s top trade official Wilbur Ross said he is optimistic about a deal with Britain.

The vital building blocks to Britain’s success after leaving the EU also came a day after the Prime Minister told the CBI that Brexit offers a bright future.

She said: “We will get the best Brexit deal for our country, guaranteeing the greatest possible access to European markets, boosting free trade across the world, and delivering control over our borders, laws and money.”

Meanwhile, the US Secretary of Commerce Mr Ross heralded the prospect of a successful free trade deal with Britain at the same conference.

Theresa May, Michel Barnier and Liam FoxGETTY

Secretary Ross said that a free trade deal between the US and the UK could be done quickly


We will get the best Brexit deal for our country, guaranteeing the greatest possible access to European markets, boosting free trade across the world, and delivering control over our borders, laws and money

Theresa May

He was optimistic that a free trade deal could be done quickly with Britain.

He told the CBI: “Given the good relationship between the two countries and assuming that the scoping exercise turns out to be fruitful and further assuming that there are no big landmines in the exit agreement between the UK and the EC, then it shouldn’t take terribly long.

“We are trying to redo Nafta (North America Free Trade Agreement) in less than a year.

“That’s a very much more complicated situation even than we would have with the UK.

“It really depends on the parties.”

Wilbur Ross and Liam FoxGETTY

US Secretary of Commerce Wilbur Ross and UK Secretary of State for International Trade Liam Fox


Secretary Ross played down Remainer scaremongering that a so-called “cliff edge” Brexit could stop airlines flying between UK and US airports, saying that a new Open Skies arrangement should be achievable “pretty quickly”.

The CBI has been accused of being one of the leading voices for Remain since the historic Leave vote in the Referendum.

However, CBI Director General Caroline Fairburn was positive about Brexit after hearing the Prime Minister.

She said: “From the UK’s domestic opportunities to Brexit, the Prime Minister reassured businesses at the CBI conference that they share a vision for a strong economy built on fair, competitive markets.

Theresa May speaking at the CBIGETTY

The CBI has been accused of being one of the leading voices for Remain since the Referendum


“These welcome words must be followed through: clarity on industrial strategy and Brexit ambitions must be matched with urgent delivery. Firms will do all they can to make this happen.”

The Trade Bill will allow Britain to transport the 40 trade agreements with the EU over to the UK, including the one recently struck with Canada.

It will also allow for later legislation for the UK to make its own free trade negotiations.

The bill will also allow Britain to join the Agreement of Government Procurement (GPA) giving British firms access to £1.3 trillion of government contracts.

It will also set up the mechanism to prevent countries from “dumping” subsidised products at a low cost on the British market.

Meanwhile, the Customs Bill will allow Britain to charge tariffs on imports which has been overseen by the EU.

The bill will also help the UK to set preferential rates for poorer countries which could bring down the price of food in the UK, currently made artificially high by EEU tariffs on agricultural products from outside the bloc.

This happened recently in the EU when China exported a huge amount of cheap steel putting British and other European steelworks at risk.

International Trade Secretary Dr Liam Fox said: “For the first time in over 40 years the UK will be able to shape our own trade and investment agenda – and we are determined that businesses and consumers can take advantage of this opportunity from the day we leave the EU.

Sources in the DIT are “confident” that the UK can have a hugely successful future as a global trading power and “improve its position in the world” once free of Brussels rule.

Countries from the rest of the world are said to be “queuing up” to make free trade agreements with the UK which is seen as “one of the most dynamic economies in the world” and is the fifth biggest single market.

https://www.express.co.uk/news/politics/876268/brexit-no-deal-UK-becomes-free-trade-powerhouse-US-Wilbur-Ross-theresa-may-trade

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Jane Davies
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Doesn’t the CBI receive funding from the EU? If so it’s not a surprise they don’t want the UK to leave.

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