Brexit: Liz Truss claims trade with the EU is 'bouncing back'
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The International Trade Secretary launched the Green Trade report which outlines the role free trade can play in accelerating the global transition to a low-carbon economy. The report, produced by the Board of Trade in conjunction with ministers, recommends the UK leverages its trade agenda to speed up the global green transition.
It also recommends that Brexit Britain could attract more foreign investment by building on the UK’s green industrial base.
The report stressed the UK’s low-carbon economy could grow by 11 percent per year between 2015 and 2030.
This is four times faster than the rest of the British economy and would deliver between £60billion and £170billion of export sales in goods and services by 2030.
By 2050, there would also be more than 1.2 million full-time workers directly employed in England’s low carbon industries.
Ms Truss said: “The UK is a leader in green exports and this report shows how free trade, free markets and free enterprise can be leveraged to counteract green protectionist policies that hold back the global transition to a low-carbon economy.
“Free enterprise is key to the UK’s recovery from the coronavirus pandemic, to tackling climate change, and to securing a stronger and freer trading environment that directly supports jobs in regions and nations across the UK.”
The report was launched wjile the Secretary of State undertook a two-day trip to Scotland.
Ms Truss, who was visiting Scottish businesses today to promote the country’s export and investment claimed Scottish businesses were looking forward to future “trade opportunities “up for grabs in Brexit Britain.
Speaking this morning, the Minister added: “I’ve been meeting lots of businesses in Scotland and what I’ve heard is they are very excited about the opportunities of trading right across the world, for example we’ve just seen the elimination of tariffs on whisky as a result of us resolving the Airbus-Boeing dispute.
“That is meaning that whisky distillers in Scotland now have more opportunities into the United States market.
When asked about the opposition to leaving the EU in Scotland primarily led by the SNP-led Scottish Government, she added: “I’m not refighting the battles of the past, what I’m doing is focused on the future opportunities for Scottish business.
“What I’ve been talking about is the opportunities there are in the future and what we want to do is engage with Scottish businesses to make sure the trade deals we’re negotiating reflect their interests, that we’re attracting new investment into Scotland.
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“People in the UK made the decision to leave the European Union in 2016.
“My job is to secure trade deals with the rest of the world that are going to improve opportunities here in Scotland. It’s not to refight a referendum from 2016.”
But Drew Hendry, the SNP’s international trade spokesperson at Westminster said many Scottish firms here are “paying a heavy price due to the UK government’s extreme Brexit policy”.
In a statement, the Inverness MP added: “Time and time again the interests of Scotland’s businesses – including Scottish farmers and crofters under the Australia trade deal – have been completely sidelined by the Tory government.”
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