Houston Chronicle

British prime minister says her nation is committed to free trade

- By Pan Pylas

DAVOS, Switzerlan­d — British Prime Minister Theresa May sought to convince business leaders Thursday that the country remains committed to free trade and globalizat­ion despite last year’s vote to leave the European Union.

Just two days after indicating that Britain would be leaving the European single market as well as the EU, May told an audience at the World Economic Forum at the Swiss ski resort of Davos that the Brexit vote was not a rejection of “our friends in Europe,” or an attempt to cease cooperatio­n.

Conceding that Britain “must face up to a period of momentous change” and that the road ahead will be “uncertain at times,” May said it was a vote to “take control and make decisions for ourselves” and to become “even more global and internatio­nalist in action and spirit, too.”

As well as seeking to pursue “a bold and ambitious” free trade agreement with the EU, May said Britain is looking to strike trade deals with “old friends” and “new allies.”

Already, she said tentative discussion­s have begun with Australia, India and New Zealand and that China, Brazil, and the Persian Gulf states have expressed their interest in striking trade deals.

“It is about embracing genuine free trade, because that is the basis of our prosperity but also the best way to cement the multilater­al partnershi­ps and cooperatio­n that help to build a better world,” she said.

She said government­s have to also take account of those left behind by globalizat­ion, saying “mainstream political and business leaders have failed to comprehend their legitimate concerns for too long.”

She urged businesses to play by the same rules as everyone else, especially on paying taxes. Otherwise, she said, political parties of the far left and far right will keep exploiting this discontent.

“If we are to make the case for free markets, free trade and globalizat­ion, as we must, those of us who believe in them must face up to and respond to the concerns people have,” May said.

May’s speech comes two days after she outlined her strategy for the Brexit discussion­s with the EU that will start after she formally triggers the two-year exit discussion­s. That is expected by the end of March.

Mark Rutte, the Dutch prime minister, said May “faced up to reality” during her speech Tuesday.

 ??  ?? Theresa May: “It is about embracing genuine free trade.”
Theresa May: “It is about embracing genuine free trade.”

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