Brexit news: Campaigner's brilliant reason UK should switch to WTO trading rules
Speaking on BBC Radio 4 Today Programme, the Managing Director of David Nieper claimed agreeing to move on to WTO trading rules would speed up the Brexit process. Mr Nieper added it would be a "shot of adrenaline" for British businesses as it would add some certainty to the ongoing negotiations. He said: “If we were to move to WTO, that simplifies all of the negotiations and we could move to WTO straight away. “Which means we’ll take back control of our laws, our borders, our money.
GETTY•BBC Brexit news: Businessman Christopher Nieper calls on UK to move onto WTO rules
“So, I would prefer, for a certain point of view, to say we’re going to WTO and we prepare for that. “And actually, it’s an opportunity to bring more of a supply chain into the UK which creates more manufactory, more jobs, and it creates more skills which we need. “Working under WTO rules will be a shot of adrenaline for British manufactory.” Trade between the UK and EU would revert WTO rules by default if the two parties fail to agree on a final free trade deal, as both are WTO members.
If we were to move to WTO, that simplifies all of the negotiations Christopher Nieper
Last month, the UK and EU reached an initial agreement on the terms of a Brexit transition deal. Brexit Secretary David Davis and EU chief negotiator Michel Barnier described the agreement as a “decisive step” towards Britain’s exit from the European Union. Mr Barnier has repeatedly insisted the UK cannot choose to keep the best elements of membership when it quits the bloc. But no trade agreement yet exists that includes financial services and the City of London will inevitably face curbs on access, he has warned. Secret government papers leaked in February revealed that a no-deal Brexit on WTO terms could leave an £80bn hole in the public finances.
Brexit trade talks in pictures: UK Ministers explore potential trade deals Tue, July 25, 2017 Latest pictures as Britain's Ministers started informal trade talks all over the world Play slideshow AFP/Getty Images 1 of 14 British Secretary of State for International Trade Liam Fox delivers remarks on 'The Future of UK Trade Policy' at the American Enterprise Institute