Friday, September 26, 2014

Promoting the Obvious: Free Trade Between the US and the UK

Freedom from the EU: Why Britain and the U.S. Should Pursue a U.S.-U.K. Free Trade Area, with Nile Gardiner, Heritage Foundation Issue Brief, September 26, 2014. "A referendum on British membership in the European Union is scheduled for 2017. EU supporters argue that exit from the EU would hurt Britain’s economy and, in particular, its ability to negotiate trading arrangements with the rest of the world—a responsibility currently exercised by the EU on behalf of all of its member states. But there is every reason to believe that Britain, the world’s sixth-largest economy, would be able to negotiate trade agreements independently. If Britain does decide to leave the EU, one of its central priorities should be to negotiate a modern free trade area (FTA), based on sovereignty and freedom, with the United States. This is a goal that the U.S., which should abandon its policy of supporting the EU at the expense of the sovereignty of its member nations, should also champion."

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