Why Britain’s vision for post-Brexit trade deals is probably an illusion

• Many Brexit-backers argue leaving the EU and moving away from European standards will make Britain a powerhouse of global trade.
• Australia is keen for a quick trade deal with Britain, according to reports this week.
• However, potential partners like Australia and the US are likely to make politically unacceptable demands in trade negotiations with Britain, trade expert Sam Lowe writes for Business Insider.
• Britain will soon realise it is more “European” than it thought, Lowe says.

LONDON — Is the United Kingdom actually a global bastion of free trade and liberalism? The honest answer is that we just don’t know yet. The UK talks a good game within the EU, but — safe in the knowledge that it can always blame the French — it has never had its stated convictions truly put to the test.

Brexit brings with it an opportunity to find out once and for all. From March 29, 2019, we will be able to negotiate and sign new trade agreements (if not implement them until the proposed transition period ends.) ‘Global Britain,’ if it exists, is finally ready for lift off.

See the rest of the story at Business Insider

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DON’T MISS: ‘This myth about the irreversible nature of Brexit must be confronted’ — Rupa Huq MP writes for Business Insider