Following our country’s decision to leave the EU, the UK now has the ability to shape its own trade policy. While there are now many more opportunities to consider, it is paramount that the Government properly handles the new responsibilities we have gained as well. By keeping both points in mind, I believe that we can best capitalise on harnessing new export opportunities, attracting inward investment and building UK dynamism by making the UK the best place in the world to do business on both ends of the deal.
I recognise, however, that alongside the great opportunities that increased trade brings to this country, we must also ensure that developing nations share in these benefits. As a member of the Conservative party, I myself believe strongly that free trade is one of the most powerful tools we have to help both ourselves and all those in the greatest need around the world. I am further reassured by this thought process as research and history both demonstrate that trade serves as one of the best liberators of global poverty, as seen in China and India. Furthermore, I can assure you that the UK, as a global leader, will continue to advocate for free trade and ensure that our Government continues to work with others through such policies to help eradicate global poverty. This mission, for example, is one possible part of a future UK trade policy that the Government is now considering.
Though I recognise the concern as to the future transformation of our trade policies, I would like to assure you that the core of our country and the generosity of the British people have not changed. The Government will be working hard to develop new policies that work best for our own people, as well as for the wellbeing of others. With this in mind, I fully support the Government in its continued commitment to spend 0.7 per cent of GNI on Official Development Assistance where the aid is most needed.