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Sorry Liam Fox—in trade, distance still matters

Fox hopes for dramatically increased trade with far flung nations post-Brexit—but there's a problem with this strategy

By Matthew Bevington  

International Trade Secretary Liam Fox outside No 10. Photo: Tim Ireland/Xinhua News Agency/PA Images

Geography no longer matters in international trade. This is the view of International Trade Secretary Liam Fox, who has said that we now live in a “post geography trading world.” New technology in transport and communications “has reduced the barriers of distance and time,” making proximity less relevant in the modern trading era.

What is more, goes the Fox view, the UK is a mainly services economy, and exports of such services, like accountancy, advertising and consulting, are more…

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