{"id":120847,"date":"2023-11-06T19:19:34","date_gmt":"2023-11-06T19:19:34","guid":{"rendered":"https:\/\/yourclomid.com\/?p=120847"},"modified":"2023-11-06T19:19:34","modified_gmt":"2023-11-06T19:19:34","slug":"britains-now-an-international-trading-powerhouse-thanks-to-brexit","status":"publish","type":"post","link":"https:\/\/yourclomid.com\/politics\/britains-now-an-international-trading-powerhouse-thanks-to-brexit\/","title":{"rendered":"Britains now an international trading powerhouse thanks to Brexit"},"content":{"rendered":"

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Britain has become an international trading powerhouse thanks to Brexit, Kemi Badenoch has insisted.<\/p>\n

She said our economy is \u201cnimbler\u201d now it is free from mindless EU red tape, meaning UK firms can be more ruthless on the global marketplace.<\/p>\n

Mrs Badenoch used a speech at the Institute of Economic Affairs to set out how Brexit has boosted British business as she kicked off International Trade week.<\/p>\n

She said a shipment between Britain and Singapore illustrates how the UK \u201cis an international trading powerhouse\u201d.<\/p>\n

\u201cThis was the first-ever paperless shipment between our two countries, completed under our groundbreaking Digital Economy Agreement signed in June 2022. “A shipment with no paperwork and no needless red tape.\u201d<\/p>\n

READ MORE <\/strong> Brexit doomsters proved wrong AGAIN as City of London set for 11 new skyscrapers<\/strong><\/p>\n

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\u201cBeing freed from EU horse-trading means we can sign deals quickly and think more creatively,\u201d she added.<\/p>\n

The Cabinet Secretary said Britain\u2019s economic pivot to the Asia-Pacific region since Brexit is vital to boosting growth and jobs.<\/p>\n

\u201cBeing free from EU rules allows us to be nimbler in pursuing these objectives and it allows us to ruthlessly target our strengths and competitive advantage in a global marketplace,\u201d she said.<\/p>\n

\u201cBy 2035, services are projected to make up 77% of global GDP. The number of middle-class consumers could potentially double by 2050 \u2013 with 90% of the growth coming from outside Europe and North America.<\/p>\n

\u201cThe future of trade is moving east and it\u2019s moving towards services \u2013 two crucial factors why Britain will thrive as an independent trading nation.\u201d<\/p>\n

Mrs Badenoch used her speech to take a swipe at Brexit doom-mongers who have talked down the economy since Brexit. It comes as a new report shows UK goods and services exports soared between 2019 and 2022.<\/p>\n

The landmark study from IEA revealed that UK goods exports soared by 13.5% to EU countries and 14.3% to non-EU countries during that period, which was before and after Britain left the EU.<\/p>\n

UK services exports rose by 14.8% to EU countries and 22.1% to non-EU countries, the report shows.<\/p>\n

In blockbuster November Ms Badenoch has already revealed she will be signing a major \u00a31 trillion Brexit trade deal with Florida later in the month while rade talks with Turkey will begin shortly.<\/p>\n

She says Britain is “surging” towards its goal of securing \u00a31 trillion of exports by 2030<\/p>\n

It comes as mega a free trade agreement with India is on the horizon, while Britain earlier this year joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Indo-Pacific trade bloc in the biggest post-Brexit deal to date.<\/p>\n