Winston McKenzie: “After the EU – what next? The Commonwealth”


31098226111e7f1a439d665d790d1a45_400x400.jpegThe combined Commonwealth GDP stands at some $8.4 trillion dollars, and growing. Its projected annual growth is 3.7%, and even higher in African and Asian Nations – 5.0% and 6.5% respectively. The Commonwealth labour force has been forecast to increase by 60%, or 825million by 2050, along with its’ burgeoning Commonwealth middle-class.

Last year the UK’s total trade with the Commonwealth was estimated at some £54.9billion pounds. The Commonwealth directly impacts on the UK’s global trade patterns. Great Britain and the Commonwealth have the foundations of a beautiful working relationship.

The Commonwealth consistently outperforms European competitors on a significant number of economic world rankings, and Yes, this demonstrates that the choice for the UK to remain solely with the EU is economically arbitrary. This relationship must be altered to reflect a more positive Commonwealth re-balance.

That is why countries which are members of the Commonwealth are there, purely of their own accord, and were in most cases, initially interlinked with each other by way of trade. Therefore it would be quite natural for Commonwealth members to rekindle those old trade relationships, thus restoring, or even surpassing, its members' former glory.

The UK should withdraw from the EU and go back to the original European Economic Area, principles of engagement, with the continent (by way of bilateral trade agreements), and should establish a free trade “Commonwealth Market.”

Great Britain should then negotiate bilateral trade agreements with the EU.

The UK would also be in a position to go forth and push for being the bridge, linking trade between Commonwealth countries and the EU.

Agree? Share!