Andrea Leadsom praises Brexit Britain’s future as UK to utilise global surge in demand

Andrea Leadsom discusses 'big opportunity' for UK trade

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Former Business Secretary Andrea Leadsom insisted the UK has much demand globally now the country is no longer shackled to the European Union. While speaking on GB News, she argued Brexit Britain can utilise these opportunities and form new trade relationships. Ms Leadsom highlighted that there were many markets in the east, most noticeably China, that could benefit from trade with the UK.

She also argued the UK can more widely push its services industry to nations that need it.

Ms Leadsom said: “I am a huge fan of international free trade.

“It helps bring up the wealth of everyone and I will make absolutely no apology for that.

“I think what the UK has is some superb standards.”

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Ms Leadsom highlighted how China’s growing middle class could be a positive thing for the UK.

She continued: “I remember going on a trade mission to China, China already has 300 million middle-class consumers who earn a hell of a lot more than any of us do.

“This is a middle class who want real quality food and for many Chinese citizens that means they do want to see things imported from place with very good water quality, soil quality and animal welfare standards.

“There is a big opportunity for the UK, you mentioned the free trade deal with Australia and possibly New Zealand but what about the Trans-Pacific partnership.

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“These are economies with 9 trillion pounds of trade potential. The UK can really benefit from that because we are offering them the choice.”

Ms Leadsom also highlighted that the UK has more to offer countries globally than just food goods.

She noted the UK’ must utilise one of its greatest assets – the service industry.

Ms Leadsom continued: “The UK is predominately a service economy but we always get down to meat and fruit.

“Actually there is a huge opportunity for UK services, financial services and insurance services, advisory services and professional services. 

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“Huge opportunities to export those to developing economies that really badly need them.”

Among the partnerships the UK is hoping to benefit from is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP).

CPTTP is an alliance of 11 countries that currently represent an estimated 13.4 percent of the global economy and could generate as much as £37 billion by 2030 for the UK.

Accession talks began last week, days after the British Government successfully concluded talks with Australia for its first from-scratch trade deal since departing the European Union entirely in January 2021.

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