Eu: Future Relationship White Paper

Part of the debate – in the House of Commons at 1:11 am on 12th July 2018.

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Photo of Dominic Raab Dominic Raab The Secretary of State for Exiting the European Union 1:11 am, 12th July 2018

My hon. Friend is right, and he is well-versed in international trade practice. The key advantage in our approach is that we have the ability to remove the EU external tariff, to reduce tariffs as a World Trade Organisation member, and to sign bilateral free trade deals, which is crucial in terms of our leverage. For services, we will not be bound by the rules of the EU, and can take advantage of that not just in the wider services sector but in particular in financial services, and the digital sector, which is so important for the future jobs this country will rely on.