Brexit offers trading opportunity, says Commonwealth secretary general

Source: Xinhua   2017-03-14 03:57:45

LONDON, March 13 (Xinhua) -- Brexit represents a tremendous trading opportunity for the Commonwealth, its secretary-general said on Monday.

"As a result of Brexit, we have really had to mine what we have in common: it is good for all of us, not just the UK," said Baroness Patricia Scotland, Commonwealth secretary-general, "Brexit has been an opportunity for a deepening of a conversation that had already started."

Scotland was speaking here on the Commonwealth Day, when the 52 members of the Commonwealth which share historic and cultural ties, celebrate their organization.

She said that the Commonwealth members had much in common, despite the vast distances between many of them. Part of that commonality was in law, culture, which provided an opportunity for trade relations.

"We are looking at where we can have Commonwealth best practice legislation, regulatory structures, tool kits -- putting our heads together, working out what works but also looking at what does not work," said Scotland.

She said she was optimistic that shared traits, values, language and history are a distinct advantage in a globalized economy.

"We hope to raise trade between 25-30 percent. There is already a 19 percent Commonwealth advantage because of our commonalities in our trading with each other," she said.

Editor: yan
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Brexit offers trading opportunity, says Commonwealth secretary general

Source: Xinhua 2017-03-14 03:57:45

LONDON, March 13 (Xinhua) -- Brexit represents a tremendous trading opportunity for the Commonwealth, its secretary-general said on Monday.

"As a result of Brexit, we have really had to mine what we have in common: it is good for all of us, not just the UK," said Baroness Patricia Scotland, Commonwealth secretary-general, "Brexit has been an opportunity for a deepening of a conversation that had already started."

Scotland was speaking here on the Commonwealth Day, when the 52 members of the Commonwealth which share historic and cultural ties, celebrate their organization.

She said that the Commonwealth members had much in common, despite the vast distances between many of them. Part of that commonality was in law, culture, which provided an opportunity for trade relations.

"We are looking at where we can have Commonwealth best practice legislation, regulatory structures, tool kits -- putting our heads together, working out what works but also looking at what does not work," said Scotland.

She said she was optimistic that shared traits, values, language and history are a distinct advantage in a globalized economy.

"We hope to raise trade between 25-30 percent. There is already a 19 percent Commonwealth advantage because of our commonalities in our trading with each other," she said.

[Editor: huaxia]
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