There are some free marketeers who want to 'Rule the Waves' and at the same time 'Waive the Rules'. Free-marketeers want to head off across the waves to do 'free trade deals'. We can trade with the rest of the world now. 'Free trade deals' aim to remove taxes put on goods being imported here or exported to the other country. The government proposes to export a further £3b worth of food. The 'Free Marketeers' want to go off doing deals around the world with 'our old friends and new allies'. They cannot wait to get out of the Customs union, so they can make these ‘free trade deals’ across the world. Remember we can and do already trade with the rest of the world, it is just some do not want to pay taxes on stuff coming in or going out. But those taxes/tariffs are there for complex cultural and historical reasons – specific to each country. Negotiating a ‘free trade deal’ will mean conceding something in return. 40% of our food and drink exports consists of ‘hard liquor’ as US call it - whisky and gin. Part of UK plan to increase food exports involves more whisky sold – say to US and Mexico.
Investment Abroad instead of just ripping off many developing countries by buying their raw materials, we should be encouraging their own economies by helping to develop their food sectors based on their raw materials - as we have good experience and knowledge to pass on - as explained in Chapter 3. The EU is doing just that investing E44billion to create in youth jobs.