1. Over half (56%) of the UK’s exports now go to non-EU countries. This percentage figure has jumped by 24% in just 15 years. The EU’s importance to the UK shrinks each year
as the World’s importance to us grows.
2. We’ll do even better outside the EU, which currently prevents the UK from making its own Free Trade Deals. The 161 countries of the World Trade Organisation (WTO) have grown their trade by 276% since 1995.
3. The EU has managed to make only six working Free Trade Deals
in its history – with countries like Chile and Costa Rica. It has only made 25 more complex deals ‘related to trade’ – mostly with underwhelming economies, including San Marino, Andorra, and the Faroe Islands. Nothing with the US, China, India, Australia, etc…
4. Post-Brexit, the UK can make its own free trade deals with major economies, including a special one with our European neighbours. Even if we had to use the WTO, their average trade tariff is now less than 1%
, according to the UN’s trade body UNCTAD. It would be hard for the EU to argue for more.
Outside The Failing EU, World Trade Gives Us A Global, Growing, Exciting Future.
[Sources: ONS, UK Balance of Payments, Pink Book 2015. EU Commission ‘The EU's bilateral trade and investment agreements’. EU Commission Trade website. World Trade Organization - International Trade Statistics 2015. UNCTAD – ‘Key statistics and trends in trade policy’.]