· It concludes that the rest of the Commonwealth will represent a market over nine times greater than that of the rest of the EU by 2050. Competition to export to & invest in the developing world will be fierce. British exporters will need to maximise their strengths: which is why, over the next forty years, the Commonwealth has the potential to become a valuable component of British trade policy.
The EU has just signed a massive trade deal wth Canada and has trade deals with many other commonwealth nations. When we leave the EU, we won't be just leaving the single market. We'll also be leaving EU trade agreements with nations around the world.
The biggest growth in the commonwealth is likely to come from India. India wants freedom of movement in return for a trade deal. Is that something that you'd be happy with?