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Brexit will allow the UK to make more ambitious trade deals

Graham Stuart, Minister for Investment at the Department for International Trade, said he was looking at ambitious arrangements with countries around the world.


Alex   Black

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Alex   Black
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Brexit will allow more ambitious trade deals

Brexit will help speed up the rate at which the UK can do trade deals, with the USA, New Zealand and Japan all keen to create ‘more ambitious’ trade deals with the UK.

 

Speaking at Budweiser’s Bud Farmers event in Essex last week, Graham Stuart, Minister for Investment at the Department for International Trade (DIT) said the EU having so many constituent parts to protect, it slowed down trade.

 

Mr Stuart said: “We are looking to ensure continuity of existing EU arrangements with third countries for the UK when we exit the EU but we are also looking at ambitious arrangements with countries around the world.”


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He said DIT was keen to promote inward investment from companies such as Budweiser parent company AB InBev.

 

Exports

 

“We recognise they tend to be more export oriented. They are often innovative and have spill over positive effects on productivity in the sector in which they operate,” he added.

 

Speaking to Farmers Guardian, the Minister said one of the real positives had been the impact of AB InBev using more British barley over imports.

 

“That is good news for UK plc but particularly good news for UK farmers,” added Mr Stuart.

Looking to exports, Mr he highlighted successes with deals with China and said he was looking to replicate this elsewhere.

 

“I was recently in Taiwan. I met the president there and specifically raised pork. We opened up the Chinese market a few years ago, we would like to do the same with Taiwan," he added.

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