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SEMINAR ON ‘BREXIT: UK/MALAYSIA – A NEW OPPORTUNITY’
23 August 2016, Menara MATRADE, Kuala Lumpur
What a difference two months make.
On 23 June 2016, the British people exercised their democratic right and voted in a historic EU Referendum – IN or OUT of the EU.
The result was a shock, global markets reacted, the value of sterling fell.
But two months later things have settled down. The world has not ended and we are getting on with the job of dealing with our post-Brexit reality.
This is an opportunity for us to broaden and deepen our trade and investment relationship with Malaysia.
We do not underestimate the challenge ahead. But we will seize it, and we will make the best we can of this new reality.
So I want to explain where we stand and what we are doing about it.
First, Brexit means Brexit.
Second, we will make a success of it.
Third, Britain remains Britain.
Britain is a great country, thriving and prospering on the world stage.
Indeed we have just proved how globally competitive we are achieving second place in the medals table at the Rio Olympics.
No one should ever under-estimate us nor write us off. Nor doubt our resolve.
But, before I go into the detail of how we face our agenda ahead, I would like to remind you about who and what we are as a nation.
Britain remains a permanent member of the UN Security Council, NATO, the G7, the G20 and the Commonwealth.
Our voice is prominent on the world stage.
Britain is open for business, committed to peace and security, and a leading supporter of the international rules-based system.
Our commitment to our extensive security cooperation with international partners remains steadfast.
We are the only major country which will simultaneously meet the NATO target of spending 2% of our GDP on defence and the UN target of spending 0.7% of our GNI on development.
While our future relationship with the EU is still to be determined, we are not leaving Europe.