Closer EU trade ties greater prize for UK than making separate deals, minister says
Scotland Secretary Douglas Alexander stated that closer trading relations with the EU would be a greater economic prize for the UK than negotiating separate free trade agreements, even if it means sacrificing the ability to strike independent deals. Speaking from a trade delegation in India, Alexander emphasized that the EU remains the UK's largest trading partner, with geography playing a significant role in trade policy. He contrasted the limited economic boost from agreements like the CPTPP with the substantial damage caused by Brexit, highlighting the economic cost of new barriers to European neighbors. Alexander's comments signal a shift in the government's position on EU relations, with discussions ongoing about potential new trading arrangements.