- Countries are likely to offer the United Kingdom worse trade deals than it currently enjoys as an EU member, the former head of Liam Fox’s International Trade Department has told Business Insider.
- “The United Kingdom alone can offer significantly less in terms of market access or government procurement than can all of the European Union,” Donnelly said.
- Major trading partners of the UK including Japan and the USA have indicated that they will seek tough concessions from the UK in trade talks because it is a relatively small trading partner.
- “Trade negotiators are not sentimental,” Donnelly said.
LONDON — Countries are likely to offer the United Kingdom worse trade deals than it currently enjoys as a member of the European Union, the former head of Liam Fox’s International Trade Department has told Business Insider.
Sir Martin Donnelly, who was the Permanent Secretary of the Department for International Trade until 2017, said that the UK could offer less market access as an individual country than as part the EU, and would therefore be offered less favourable terms when negotiating free trade arrangements after Brexit.
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