Brexit Britain has been able to strike lucrative trade deals with major trading blocs up to 12 times faster than the lumbering EU, analysis by Facts4EU and GB News has revealed.
In a blow to Remoaner lefties, Brexit has allowed Britain to agree a trade deal with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) bloc in record time.
It took just two years for Britain to join the CPTPP- which includes huge economies like Japan- after the bloc invited the United Kingdom to become the first non-founding member in July 2021.
This compares favourably to the EU’s ill-fated attempt to join MERCOSUR, the trading block that makes up most of South America.
Negotiations between the two lumbering blocs started 9,278 days (25 years) ago and are yet to yield a deal.
Days the UK spent negotiating a trade deal with the CPTPP compared to days the EU spent negotiating with MERCOSUR
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That means when EU and MERCOSUR officials met for the first time, the Euro had just been introduced, Bill Clinton was being impeached and the DVD’s were beginning to replace VHS tapes.
It was Kemi Badenoch, then Secretary of State for Business and Trade, who signed the accession treaty in July 2023.
She said: “I’m delighted to be here in New Zealand to sign a deal that will be a big boost for British businesses and deliver billions of pounds in additional trade, as well as open up huge opportunities and unparalleled access to a market of over 500 million people.
“We are using our status as an independent trading nation to join an exciting, growing, forward-looking trade bloc, which will help grow the UK economy and build on the hundreds of thousands of jobs CPTPP-owned businesses already support up and down the country.”
MERCOSUR negotiations are not the only thing highlighting the stumbling EU’s ineptitude, so too are negotiations with Australia.
Nimble Brexit Britain began negotiations for a Free Trade Agreement with Australia in July 2020, landing a deal just 18 months later in December 2021.
The then International Trade Secretary Anne-Marie Trevelyan said: “Today we demonstrate what the UK can achieve as an agile, independent sovereign trading nation.
“This is just the start as we get on the front foot and seize the seismic opportunities that await us on the world stage.”
In a comparison that will make EU businesses want to weep, the EU entered into trade talks with Australia six years ago in 2018 but, at the end of October last year, the Australians pulled out citing intransigence of the EU Commission.
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Days spent negotiating and FTA with Australia, EU V UK
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Don Farrell, Australian Trade Minister, said at the time: “I came to Osaka with the intention to finalise a free trade agreement. Unfortunately, we have not been able to make progress.
“Negotiations will continue, and I am hopeful that one day we will sign a deal that benefits both Australia and our European friends.”
The UK will accede to CPTPP on 15 December 2024 and be able to trade with Japan, Singapore, Chile, New Zealand, Vietnam, Peru, Malaysia, Brunei and, on December 24, Australia.
That list of countries has a market size of approximately $13-14 trillion USD.