Home » Politics » Truss outlines why UK is moving past Brussels – ‘These markets are growing faster than EU’
Truss outlines why UK is moving past Brussels – ‘These markets are growing faster than EU’
January 31, 2021
UK trade markets ‘growing faster than EU markets’ says Truss
International Trade Secretary Liz Truss boasted that Britain is chasing after 40 percent of the world’s GDP since breaking free of EU rules. She announced today that Britain has opened up its application to join the massive Trans Pacific Partnership (CPTPP), which amounts to a huge £9 trillion free trade area. Speaking to Sophy Ridge on Sky News, Ms Truss pointed out that the markets that Britain is striking deals with are “growing faster than the EU”.
She said: “If you add up the CPTPP and the US that 40 percent of global GDP, that is a huge market for us to go after.”
When pressed about a US trade deal, Ms Truss responded: “We are working on that as well Sophy, that is also in the pipeline.”
Ms Ridge questioned whether Britain would make up the lost revenue from EU trade, prompting Ms Truss to fire back.
The International Trade Secretary said: “Those markets are growing father than EU markets.
“We need to think about where we want Britain to be in 2030, in 2050. I’m laying that groundwork for our future economic opportunities.”
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Lauding the CPTPP arrangement, Ms Truss said: “This is really fast growing group of countries so some countries like Mexico and Malaysia are rapidly moving up the global league tables.
“What we want to do is hitch Britain to those fast-growing economies. We will see reduced tariffs on things like whiskey, cars, technology.
“That will enable British business to export more.
“And unlike the EU, there are no strings attached. We don’t have any courts making judgments, any control over our borders lost, we won’t be paying any money in.”