Crystal clear from our time in
#WashingtonDC
that US trade agenda is getting harder not easier
We’re going to have to get more creative. And think harder about a new agenda for trade with Europe
Here’s five ways forward for the next Labour Govt:
🧵
Much of the free trade argument was predicated on a deal with the US - which is simply not going to happen anytime soon - and a ‘tilt’ to the Indo-Pacific. Yet while
#CPTPP
IS important, lots of the exciting numbers for growth in Indo-Pacific include China, from where derisking…
So. Rethinking the strategic relationship with Europe is now vital for a post election summit with I hope, Keir Starmer and the new EU President. And our talks in Brussels show there’s a huge trade diplomacy agenda to go for. 5/.
But: that requires us thinking NOW about:
- Our strategy for UK growth / growth targets
- The contribution to growth we seek to secure from trade
- What we hope trade with Europe would contribute to this number
- the cooperation with Europe we need in order to deliver this…