Theresa May Sets Out Brexit Plan - Trade Outside EU

The transcript discusses the importance of the UK establishing trade agreements with countries outside the EU to boost its economy. It highlights the stagnation of trade as a percentage of GDP since joining the EU and emphasizes the need for Britain to reestablish itself as a global trading nation. The creation of the Department for International Trade and ongoing discussions with countries like China, Brazil, and the USA are mentioned. The transcript also addresses the implications of the UK's customs union membership on its ability to negotiate independent trade deals.

What are the implications of the UK negotiating its own trade agreements?

What is the importance of maintaining tariff-free trade with Europe?