Trade, Development, and Immigration

Trade deal with China could be worth £8bn, says IEA expert


mask covid

Christopher Snowdon writes a letter to The Times

Economic Theory

Mark Littlewood writes for The Times

Julian Jessop quoted in Daily Express

Trade Secretary Liz Truss is aiming to secure an ambitious trade deal with China. Liz Truss has not overlooked China’s appalling human rights record but has said it is necessary to trade with the worlds second largest economy and work with allies to control the communist state.

Julian Jessop, IEA Economics Fellow, told the Daily Express that “in 2019 total UK trade with China (exports and imports) was worth about £80billion”.

He said that a good trade deal should  “increase the volume of exports and reduce the price of imports” and if any deal struck with china gave just 10 percent of current trade, we would “gain £8 billion a year”.

Read the full article here.