The Daily Telegraph

Britain is back as a global voice for free trade

Brexit will enable the UK to sign new trade deals and to fight back against the forces of protection­ism

- follow Liz Truss on Twitter @trussliz; read more at telegraph.co.uk/ opinion liz truss Liz Truss is Secretary of State for Internatio­nal Trade

Yesterday I visited Geneva, the home of the World Trade Organisati­on (WTO), the place where free and fair trading rules are forged and trade disputes are resolved.

I met ambassador­s from around the world to discuss Britain’s future global role and I had one key message to send: Britain is back.

Over the last three years we’ve promoted Global Britain and the opportunit­ies that leaving the European Union on October 31 will bring for the UK.

Since becoming Trade Secretary, I have been around the world making the case that – freed from the EU regulatory straitjack­et – we will be able to deepen trading ties with some of our closest allies outside the EU.

We will be out, selling Britain to the world. But more than this, we will be able to take our seat at the WTO as an independen­t, sovereign nation with a role to play in shaping global trade.

Other countries very much want to hear our voice. They want to work with us, they want to have better links with our industries and they want us to have our say over the direction in which the rules-based trading system is headed.

Trade reform is one of my top priorities, particular­ly as we come to face the new challenges the modern, globalised world will bring.

The shape of the global economy and the nature of work and trade are changing fast. Digital trade rules need to be reformed so they’re fit for the 21st century by reducing restrictio­ns to market access to support e-commerce and ensuring the free flow of data across borders.

After all, Britain is a tech hub, currently third in the world for the number of $1 billion tech companies based here.

We will use our independen­t voice to reform the WTO Appellate Body. More than 500 disputes have been brought to the WTO since it was set up in 1995. We need to find a way to unblock the current impasse and address long-standing concerns about its functionin­g.

There is also an urgent need to strengthen the rules on industrial subsidies, state-owned enterprise­s and forced technology transfer – so that states cannot game the system.

The UK is stepping into its newly found independen­t role at a most serious crossroads in the global trading arena. We live in a world of rising trade tensions and tit-for-tat tariffs. A world in which the good people of America may have to pay more to taste excellent Scotch whisky on account of recently imposed tariffs.

There are some people who fear competitio­n and think the solution is to protect ourselves from the future. But this is the wrong approach.

The real trade war is between the protection­ists and the free traders and there is no doubt which side Britain stands on.

From the repeal of the Corn Laws, to hosting the world’s first industrial revolution, to being one of the original signatorie­s of the General Agreement on Tariffs and Trade, the UK has long been a champion of free trade.

Because free trade – facilitate­d by our rules-based system – is the engine of global growth and prosperity. And I see the Commonweal­th as a fighting force for free trade at the WTO.

There is no greater ally of the WTO than the United Kingdom. It needs our support to champion free, fair, rules-based internatio­nal trade at its centre; and we need the WTO to champion Global Britain.

But we cannot take our seat while still tied to the EU, and that is why it is imperative we leave on October 31.

And leave we will, because not only do we have the leader who is going to get Brexit done, but we also have the leader who is ready to promote Britain on the world stage and ensure the country becomes truly global.

 ??  ??

Newspapers in English

Newspapers from United Kingdom