Trade, not aid THERESA May will visit sub-Saharan Africa this week to drum up interest in trade. A major factor of the Leave vote was for Britain to become an independent nation, free to strike global trade deals with fast-growing, emerging economies. So the Prime Minister is absolutely right to start outlining trade policy with our Commonwealth allies South Africa, Nigeria and Kenya. She is also right to call for funds from our bloated foreign aid budget to be diverted from frivolous handouts and used instead on developing infrastructure and security in Africa. As we unshackle ourselves from Brussels, it is clear Africa presents us with huge opportunities. It is the world’s second biggest continent, home to 16 per cent of the global population. Its GDP is growing rapidly. Similar to India, its middle classes are rocketing. And its workforce is estimated to be larger than China’s by 2035. Over 17 millions Brits voted for a Brexit that would make us a freer, richer country. … [Read more...] about Theresa May is right to start looking for trade deals outside the EU and in Africa to show that we are making our vision a reality
Global trade deal
UK Politics 13 July 2018 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/uk-politics-44815558 Read more about sharing. These are external links and will open in a new window Close share panel Related TopicsTrump UK visit Donald Trump has said the UK will "probably not" get a trade deal with the US, if the prime … [Read more...] about Trump: Brexit plan could kill US trade deal
0 Have your say Post-Brexit trade deals with non-EU countries such as the US could put protected Scottish foods at risk, according to a leading figure on the European Parliament’s internal market committee. Products such as Stornoway black pudding, Arbroath Smokies and Scotch whisky currently have Protected Geographical Indications (PGIs), which means they cannot be made anywhere else. Previous concerns have been raised over the iconic status of Scottish brands, and Scottish Labour MEP Catherine Stihler has warned the UK government’s insistence on negotiating new trade deals after Brexit could jeopardise the PGIs. A trade deal between the UK and EU is likely to continue with Europe-wide protection in return for the UK recognising PGIs such as champagne and Parma ham. But the EU currently uses its strength to fight for PGIs on the global stage, including in ongoing trade discussions with the US. The US is lobbying against protected status, … [Read more...] about Top Scots food brands face bleak future in post-Brexit global trade deals
You may recall a few weeks ago, before the Great Facebook Disaster, and before America started a trade war with China, that Donald Trump greeted record high share prices as tangible proof that his policies were working, and Making America (or at least corporate America) Great Again. I’m not sure what he thinks now that so many stock markets globally have slumped to two-year lows. His “stable genius” intellect may not have processed the fact that much of this has been down to his own policies – attacking Jeff Bezos, because he’s the owner of the Washington Post, which Trump hates, but also the boss of Amazon, one of the tech giants going through some turbulence right now. Trump may not even realise what he’s doing: and certainly not when he says a trade war is good for America and that America can “win” one “easily”. Well, never mind about Trump: what about the rest of us? All that value lost on shares means your pension … [Read more...] about The World Trade Organisation is terrified of Donald Trump and will not stop the global trade war
The EU has always suffered from unreconciled tensions between the interests of member states and of the EU itself. Across the EU27, the interests of citizens are in securing a free trade deal with the UK across all sectors post-Brexit. If member states were to negotiate directly, then their own democratic national assemblies would judge competing interests for the benefit of their people. By contrast, with Brexit, the Commission controls the negotiations and member states place huge reliance on its analysis. This prompts the question of whether Parliament and Council can operate independently, and balance democratically the economic interests of the EU27 citizens. To date, it would appear the perceived interests of a small handful, or even fewer, of EU27 member states are being prioritised at the expense of the rest. A deal providing for frictionless trade in goods is a no-brainer. The EU27 is now pursuing this. Given the UK’s trade deficit such a deal is largely one-way in … [Read more...] about Is Brussels capable of negotiating a democratic Brexit trade deal?