The EU has officially signed a free-trade agreement with Japan, hailed as one of the largest bilateral FTAs in history. There is a risk that the UK will cease to benefit from this FTA if we leave the EU.
Commenting, Ben Bradshaw MP, leading supporter of the People’s Vote campaign, said:
"The idea that Brexit is about creating a free-trading 'Global Britain' is a bad joke. Not only are we going to be putting up barriers between ourselves and our largest trading partner, the EU, we also risk losing the deals we have helped negotiate collectively as a member of the EU.
"The deal with Japan is one of the largest free trade deals ever signed, and the Government itself has estimated it could lead to a £1.6bn increase in UK exports, creating jobs and boosting our public services.
"We never lost our ability to trade globally as part of the EU, but Brexit threatens to trash our international trading reputation and leave us reliant on the whims of people like Donald Trump.
"With Brexit looking increasingly like a threat to our international trade, we need a People's Vote on the final deal so that the whole country can decide whether or not the terms on offer are good enough."