Sec. Davis writes for CNN: Brexit Presents Unprecedented Opportunities for UK and the U.S.

Friday, September 1, 2017 - 11:15am

It's been more than two years since I last visited Washington DC. Since then, there has been tremendous political and economic change on both sides of the Atlantic. It is imperative that we now work together, as the closest of friends, to deliver a solution that works for both of our great continents.

The UK's decision to leave the European Union surprised much of the establishment. But it allows us an unprecedented chance to take control of the important issues that govern Britain's society and economy.

From designing an immigration system that addresses the concerns of ordinary working people and fits the needs of business to ensuring we have regulation more tailored to the UK economy rather than the needs of 28 different economies, leaving the EU provides us with a large opportunity.

For the first time in over 40 years, we'll have the freedom to strike our own trade deals and deepen key relationships with old allies, including our closest ally, the US.

Brexit is not about Britain stepping back from the world, but jumping into the new opportunities it presents. Outside of the EU, Britain will be nimbler, more open to innovation and technological change, at the same time as driving up global standards.

Using our might as the world's fifth largest economy -- we can become a true champion of free trade. That should be in the interests of our close neighbours in Europe, as well as more far-reaching parts of the world.

From the very start of this process we've been clear that pursuing a new path will not come at the expense of our relationship with Europe. Our growth and prosperity will come alongside that of Europe, not instead of it.

Yesterday I completed the third round of negotiations to deliver a new partnership with the EU. It was constructive, but as I made clear, if we are to get the right deal we will need more flexibility.

In my speech today to business leaders at the U.S. Chamber of Commerce, I'll outline how Brexit creates a huge opportunity for increasing liberalization in services, improving standards around the world for workers and consumers, and through better harnessing technological developments.