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The limits of free trade

A deal with the US would only boost GDP 0.1 per cent, says a former Assistant Director at the DIT

By David Henig  

International Trade Secretary Liam Fox. Photo: NurPhoto/SIPA USA/PA Images

Whether it is the ability to “negotiate new lucrative deals” or “to catalyse a new phase of liberalisation of trade in services” (both takes from an article last week by Paul Marshall of Prosperity UK), or Liam Fox saying “for the first time in over 40 years the UK will have the chance to decide who we trade with and on what terms,” there is clearly excitement in some UK circles around the idea of Free Trade Agreements. Indeed it is becoming an…

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