Leaving the European Union
Debate between Jo Stevens and Andrea Jenkyns(6 years ago)
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Andrea Jenkyns
I apologise, Sir Roger.
If we were to go on to World Trade Organisation rules when we leave, we would be trading under the same terms as the USA already does with us. Tariffs would average only 3%. Some tariffs on exports would be higher, but some goods would still be exempt completely. The WTO has about 160 members, accounting for 90% of world trade. We would still trade regardless of whether we leave the EU on WTO rules or with a trade agreement. We are the world’s fifth largest economy. We are one of the five permanent members of the United Nations Security Council. We have the best universities in the world and the most resourceful and amazing people. The UK will always succeed. I am confident we will prosper.
