Liam Fox gets tough on trade as 30 EU partners threaten to sue for $ billions.

liam-foxLiam Fox, Trade secretary is getting tough with the EU, saying give Britain TARIFF-FREE access to the single market without free movement of people or expect to compensate your disappointed trade partners for billions of US dollars.

The bullying EU bigwigs face a potential multi-billion pound lawsuit over their threat to sever free trade links with Britain. 30 non-EU Countries that have struck trade deals with the EU are furious at the threat of not being able to do post-Brexit deals with Britain.

The countries such as Canada, Vietnam, South Africa, Ukraine, Colombia, Peru have issed a warning to Brussels over threats they may be banned from doing business with post-Brexit Britain, because the 5th largest economy in the world was one of the main attraction for the EU deals in the first instance!

The Eurozone could be forced to broker fresh deals with trading partners or be sued for breach of contract. The agreements with the EU were signed in the full expectation that this would include the UK.  The EU are being told by them to ‘make it work’ or legal action will be taken by all 30 countries affected.

The threat of litigation from outside Europe will strengthen Britain’s hand in its fight to impose border controls but retain free trade links.

Furthermore, the appointment of Donald Trump as president of the USA has strengthened our Brexit bargaining position even further.  ‘The Donald’ has said he wants to put the UK at the front of the queue for a trade deal.  He is said not to be a fan of the (yet to be signed) Transatlantic Trade and Investment Partnership (TTIP), putting the EU leaders into a spin.  He has already signalled his intention to withdraw from the Trans Pacific Partnership Agreement (TPPA) with Australia and New Zealand, calling it a model for corporate greed (or similar) and therefore we might him to do the same with TTIP.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s