A vote for Brexit was a vote for free trade

The European Union is rife with protectionism and economic stagnation. Brexit will allow Britain to boost the UK economy for decades to come. If Britain embraces unrestricted free trade, it will flourish even as the European Union continues to decline.

The increasing demand for British goods and services from Commonwealth nations has the potential to boost the UK economy for years to come. Last month we saw Air Asia make the largest single order of Airbus A321 neo-aircraft at the Farnborough Air Show – again demonstrating the huge potential of Asian markets for UK companies.

Modern technological developments have made trading with the other side of the world easier than ever before. The huge size of these potential markets should have British exporters licking their proverbial lips.

One plan for Dr Fox’s new department to consider might be establishment a Commonwealth free trade area. This should include a free trade zone with common labour and environmental standards, and measures to protect data and the intellectual property of large companies, in a similar vein to the Trans Pacific Partnership.

Unlike the EU’s single market, which is based upon protectionist principles designed to prop up uncompetitive companies, this Commonwealth free trade area would encourage greater competition amongst its members. This would in turn drive innovation, and with it, productivity leading to further economic growth.

A vote to Remain inside the European Union would have been a vote for stagnation and decline. The Great British Public’s vote to Leave is based on optimism and growth for our future. After all, the EU is in decline as an economic force.

Now, if only the United States can likewise avoid the protectionist quagmire and resulting economic decline being promised by both presidential candidates.

More here.