The UK sealed a historic trade deal with the European Union worth more than £600billion to the economy, as well as lucrative agreements with more than 60 other nations, including Canada, Mexico and Norway. A new research project titled “Global Britain, global broker: A blueprint for the UK’s future international role”, has outlined exactly how the UK can flourish outside the bloc.
The paper written by Robin Niblett, director of the Chatham House think tank, says Britain could initially face an uphill task in forging close ties with Mr Biden, but has outlined huge opportunities for the UK with other leading economies, including Australia.
The report says: “The incoming administration of Joe Biden will seek to heal America’s relations with allies in Europe and Asia.
“But Brexit Britain will have to fight its way to the table on many of the most important trans-Atlantic issues, with the EU now the US’s main counterpart in areas such as China relations and digital taxation.”
Brexit has provided the UK with the freedom to strike new trade deals with nations across the globe.
The study says Britain could look closely at strengthening ties with fellow G20 nations, such as Australia, Indonesia, Mexico, South Africa and South Korea.
The report says: “Britain could reach out to other midsized G20 democracies such as Australia, Indonesia, Mexico, South Africa and South Korea as and when they are willing to commit to joint action towards shared objectives.
“It could also link up its G7 programme with the Summit for Democracy, which Joe Biden has committed to host in 2021 to tackle the serious challenges now facing democracies at home.”
MPs will debate the UK’s future foreign policy in the House of Commons on Monday afternoon and the think-tank suggests the UK is in the perfect position to take advantage of Brexit.
He said: “The world needs less talk and more action. In this sense, a positive global image of Britain outside the EU must be earned, not declared.
“There is no certainty that Britain will live up to its potential role as a valued and creative global broker.
“But it could emerge gradually from the competence of the UK’s diplomacy, from the impact of its international presence, from trust in its word, and from a return to the power of understatement for which the country was so widely respected.”