Good morning, and welcome to an exciting day in The Commonwealth!
The Commonwealth Committee have decided to delve into Topic B first:
“The Question of Trade opportunities and free movement for the Commonwealth post-Brexit”
All of the countries are in agreement that Brexit should be viewed as an opportunity, rather than an obstacle, to improve trade deals within The Commonwealth and across the world.
The first moderated caucus of the conference is:
Specific trade deal alternatives for the UK post-Brexit.
New Zealand: Bilateral trade deal with the UK – maintain the provisions that they had within the EU.
Singapore: no one wants to lose out on trade deals with Britain. More important to discuss how nations can work together to ensure Brexit doesn’t disrupt worldwide trade ties.
Australia: agree with New Zealand – most favourite nations tariff.
Namibia: African countries rely heavily on natural resources and raw materials – impact on exports is huge for the African countries.
UK: Many countries are incredibly dependent on the UK as a market for trade. Brexit will make the market more competitive for agriculture industry in African countries. We need to discuss better co-operation within the Commonwealth, rather than focusing on individual countries.
Sierra Leone: While nations are reliant on the UK and the EU – we cannot rely on these anymore. We need to work towards relations with other Commonwealth nations. Free trade is not always practical for smaller nations.
Namibia: When a country relies on one type of resource, it is much harder to have a free market.
Singapore: London and the UK are a financial hub in the world – it is important that it remains that way.
Tongo: It is important to remind the nations about the contrast and inequality between the countries in the Commonwealth. Singapore has a GDP of 296 billion, whereas Tongo only has a of GDP 455 million. It is important that we bare this in mind when we come to conclusion about trade deals.
The UK: We are equals in this situation. This is not just for one country, but it’s for everyone. We need to ensure that we ALL make a profit.
Thus far, the delegates are in agreement that they need to work together, taking inequalities into account. It is going to be exciting to see how the Resolution unfolds, and how the best trade deal can be achieved!