Doughty – Brexit is costing us global trade deals - People's Vote

Doughty – Brexit is costing us global trade deals

The Department for International Trade (DIT), led by Liam Fox, has admitted it won’t be able to roll over the EU-Japan trade deal, or the trade arrangements the EU has in place with Turkey, in time for Brexit. 

Liam Fox has previously claimed that all the existing EU trade deals would be rolled over “one second after midnight in March 2019.”

 

Responding, Stephen Doughty MP, a leading supporter of People’s Vote, said:

“Brexiters promised that voting leave would mean a bonanza of new international trade deals that would make up for lost trade with the EU. Instead, Brexit is costing us the global trade deals we already have as EU members. Liam Fox is now finally admitting that his promise to roll over all existing EU trade deals in time for Brexit is going to be broken.

“The Brexit that was promised is a million miles from the one that’s being delivered. It’s already making us all poorer, costing jobs and investment and damaging our reputation as a global trading nation.

“With the Brexit on offer looking so different to the one that was promised, the people must be given the final say. That’s why huge numbers of people from across the UK will be marching through London on March 23rd, calling for a People’s Vote.”

/ends

 

Notes to editors

The publication by DIT is here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/780649/Existing_trade_agreements_if_the_UK_leaves_the_EU_without_a_deal_-_final_version.pdf

Liam Fox has previously said: "We're going to replicate the 40 EU free trade agreements that exist before we leave the European Union so we've got no disruption of trade…believe me we'll have up to 40 ready for one second after midnight in March 2019." (https://www.businessinsider.com/liam-fox-promises-to-sign-40-free-trade-deals-the-second-after-brexit-2017-10?r=US&IR=T)