>> Trying to deliver on a Brexit promise. The UK government, on Tuesday, submitting legislation to Parliament which could let Britain pursue an independent trade policy once it leaves the European Union. The bill aims to help convert existing EU free trade agreements into British ones after it leaves the block.
It will include powers to ensure British companies can still bid for government contracts in EU member states, and will create a new trade body to defend businesses against unfair trading practices. Trade Minister, Liam Fox, releasing a statement saying, for the first time in over 40 years, the UK will be able to shape our own trade and investment agenda.
>> Thank you Mr. Speaker.>> Supporters of the vote to leave the EU will be in favor of the move. They say the freedom to strike new trade deals independently of the block will be one of the main benefits of leaving. Saying it will be easier for Britain to strike deals with other nations, such as China, compared to the EU with all its member countries and all of their different priorities.
Critics of Brexit disagree though. They say Britain doesn't have the individual capacity to negotiate dozens of new trade deals without the EU. The bill is part of an array of legislation that will be discussed by Parliament over the next year aimed at ensuring a smooth departure from the EU in March 2019.