• Developing a True Transatlantic Partnership—a High Standard Trade Agreement to Propel the Global Economy [PDF]
  • By Shanker Singham, Victoria Hewson & Radomir Tylecote 
  • June 2017
  • Published by the Legatum Institute

 

Trade is an important driver for moving countries from poverty to prosperity.

Now that the decision has been made to leave the EU, the Legatum Institute are committed to playing a positive role in mapping out Britain's post-Brexit future. We believe Brexit presents a huge opportunity for British people and global trade.

Since before the 2008 financial crisis, global growth has been stalling. A UK-US free trade agreement (FTA) could be a catalyst for the economic growth that is needed. Without the restrictions associated with EU membership, the UK has an opportunity to negotiate a strong and effective free trade agreement with the US, including in areas that previously have been too politically difficult to address.

Our latest report, Developing a True Transatlantic Partnership - a High Standard Trade Agreement to Propel the Global Economy, sets out how the UK and the US should seek to negotiate a trade agreement including reducing border barriers and domestic anti-competitive market distortions. The report analyses existing barriers in the UK and US markets and offers suggestions for how these might be reduced or removed in a FTA.  

In rich and poor countries alike, trade increases economic growth and provides opportunities for commerce and employment. A trade deal would be a huge win for both the UK and the US.

Read the full report here

About the Special Trade Commission

The Legatum Institute Special Trade Commission (STC) was created in the wake of the British vote to leave the European Union. At this critical historical juncture, the STC aims to present a roadmap for the many trade negotiations which the UK will need to undertake now. It seeks to re-focus the public discussion on Brexit to a positive conversation on opportunities, rather than challenges, while presenting empirical evidence of the dangers of not following an expansive trade negotiating path.

The STC will draw upon the talent of experienced former trade negotiators from the US, Canada, Mexico, Australia, New Zealand, and Singapore, among other nations.

In 2017, the STC will host a number of public briefings that offer advice to key stakeholders on EU negotiations.