The Legatum Institute is committed to playing a positive role in mapping out Britain's post-Brexit future which is why we partnered with Prosperity UK to deliver our inaugural conference. With leading policy makers, politicians, academics and business people from across the globe, the conference was successful in generating ideas and creating a positive vision for the UK to flourish after leaving the European Union.
Sir Lockwood Smith, a former New Zealand Trade Minister and former High Commissioner to the UK, offered valuable insights from his time negotiating trade deals. In an excerpt from his speech to the conference he shares his optimism for UK's trade prospects.
"What I want to say to you is this: I do not think you British people see your country the way we see it from the outside. You are the fifth biggest economy in the world. You have a heritage of open trade. As New Zealand’s Trade Minister, I was heavily involved in the battle for Seattle, where we tried to launch the Doha Round. I chaired one of the main working groups. I will never forget how much I missed your voice. I missed your voice hugely.
Both our nations know that liberal economic policy has the power to raise people out of poverty and foster freedom. A smart global trade strategy helped take New Zealand from a protected, bankrupt economy 30 years ago to a nation today which, on Legatum Institute’s Prosperity Index, is number one in the world.
The greatest prize from Brexit is your ability to develop a global trade strategy. Britain has the potential to play a leading role globally on trade liberalisation. The world needs you right now. Whatever you do, do not waste this moment."
Watch the full speech here.