Thursday, 30 June 2016

Can we have Alternatives to EU Trade Post Brexit?

Some have said that we could easily strike trade agreements with other countries and can ignore the EU. Rather shortsighted if you look at the numbers:

  • GDP of Ghana was under $40bn in 2014
  • GDP of Germany was under $4000bn in 2014
  • Our exports to Germany were $46bn in 2014.

So we export more to Germany than the entire Ghana GDP. Do you really think we can replace trade with Germany with Ghana instead?

It's all very well looking at other trade deals but the reality is that the volumes are way off what we have with EU and cannot replace them in the short or medium term before you even think about what we could sell to other countries - our manufacturing base isn't exactly massive.

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