Liz Truss warns US against 'tit-for-tat' trade sanctions
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This week, the Queen gave Royal Assent to the Trade Bill which gives Britain the freedom to implement deals struck around the world following the UK’s departure from the European Union. The 67 deals, alongside the EU trade deal brokered by Lord Frost last year, are worth £891 billion.
Now Britons have celebrated the staggering trade deal and said the UK is no longer “dictated by Brussels”.
One Express.co.uk reader said: “I like the idea that the UK can make its own trade deals.
“No faffing with another 27 countries with their own agendas!”
Another added: “it is now in law that the world will be our oyster.
“Thank goodness for Brexit.
“Trade is now under our control and not dictated by Brussels.”
Others hailed Ms Truss as a Prime Minister in waiting and said: “If ever a person deserved some recognition for service to her country its Ms Truss.
“She definitely is a PM in waiting.”
Another said: “It’s wonderful what Liz and Boris are doing for us.
“We’ll all be better off.”
Someone else mocked the bloc for claiming it would take Britain “at least 10 years to negotiate new deals”.
A sixth person said: “On top of being the envy of the world on the vaccination program, this just goes to show, yet again that Britain is so much better off “floating her own destiny” outside the EU post-Brexit!”
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Another added: “UK goes from strength to strength, while EU can’t even get their vaccine rollout right.”
An eighth reader said we can now “put our mistake of being involved in the EU well and truly into the past”.
Following Royal Assent, Ms Truss said: “The passing of this Act into law is a landmark moment for the UK.
“For the first time in nearly half a century, we are free to pursue an independent trade policy and put the interests of the British people first.
“We will use that newfound sovereignty to push new frontiers in industries of the future like digital trade and services, champion free and fair trade across the globe, and lead reform of the global trading system.
“Our aim is to strengthen trading links with allies who share our belief in democracy, free enterprise and the rule of law, and to deepen ties with fast-growing economies of the future, positioning Britain where the future growth is and securing our place in a rapidly changing world.
“By doing so, we will propel a jobs-led, exports-led and investment-led recovery from COVID-19 and bring prosperity to all parts of our United Kingdom.”
The Trade Act means high food and environmental standards are enshrined in law, as well as measures to ensure future trade deals do not impact workers’ rights or the NHS.
The deals include a mix of rollover agreements – in which the UK can continue trading with countries as under the terms of deals the UK was covered by while a member of the EU – and new bilateral pacts.
The deals help to open up new markets to British businesses, helping to boost jobs, encourage investment and aid the economic recovery after the coronavirus pandemic.
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