“Britain can expect to benefit hugely if a comprehensive free trade agreement can be negotiated between the European Union and the USA” – those are the words of South West MEP Ashley Fox, who belongs to the Conservative party whose MPs back in Westminster seem determined to badmouth and drive the UK towards the EU exit door.
Writing on his Facebook page, Mr Fox today wrote
: “Yesterday the European Parliament voted overwhelmingly to start negotiations on the largest bilateral trade deal in history. This deal would not only boost exports in key sectors such as motor-manufacturing, but it would also make Britain a potential magnet for inward investment from America, a win-win for UK plc.
“I am a long-standing supporter of free trade and for the UK alone national income could see an increase of between £4-10 billion annually - an increase of up to 0.35 per cent in gross domestic product. The sector to benefit most from an ambitious deal covering non-tariff barriers would be the car industry, which would see an increase in exports of between 1.7% and 7.3%. This would be a huge boost to firms which employ thousands of people in the UK.
The EU Commission estimates that a comprehensive deal with the US would benefit the EU to the tune of €120bn. This could mean an extra £400 a year in disposable income to the average British family.
“The opportunity is immense, which is why we need to have the most open approach possible to negotiations at this stage. No red lines, no restrictions, nothing off limits.”
It is worth recalling that such a deal would not be on the table for the UK on its own, so EU membership isn’t perhaps such a bad thing after all…
Such is the difference in opinion of Mr Fox to his party that one user has commented
: “Is this [an] EU-funded PR?
Labels: Ashley Fox