Liam Fox MP has claimed there are trade conversations happening all over the world
New trade offices are being set up in the US, Mr Fox told the Commons at the International Trade questions, and relationships are being built in China, India and Japan.
A trade working group has been established with India to prepare for a future deal following Britain’s exit from the European Union, Mr Fox said.
Trade minister Mark Garnier said: “The opportunities in ASEAN and Singapore are enormous.
“We are in constant discussion. We have trade envoys going out to the region and we are very keen to promote trade between our countries.”
International trade minister Greg Hands added: “We need to make the most of the opportunities that our departure presents – getting out into the world and doing business right across the globe – banging the drum for Britain and doing trade.”
Although the nation cannot begin trade negotiations officially, Mr Fox said progress is being made in talks to pave the way for faster agreements.
He said: “Let me be very clear. We are not able to negotiate in terms of concluding a deal while we are members of the European Union. There is nothing to stop us having discussions.
“Last week concluded a deal trade to set up a trade working group with India to look at how we will remove barriers to trade before we negotiate a free trade agreement on our exit of the EU.”
Liam Fox said three offices are being opened in the US to help deal with trade
Michael Tomlison MP added there have been “welcome indications” from Singapore they are open to removing trade barriers between their nation and the UK.
MP Tasmina Ahmed-Sheikh for Ochil and South Perthshire questioned whether or not Britain will be leaving the single market.
International trade minister Greg Hands Fox said that was not something that has been decided.
He added: “There is gong to be no running commentary at this stage on the negotiations.”
Ben Bradshaw MP hit back telling Mr Hands his comments were “politician speak for we don’t have a clue”.
Mr Hands said: “A bit rich for the benches opposite to talk about who has a clue.
“Let us be clear. The Prime Minister said under her leadership Britain will seek to become a global leader in free trade. And that is what we will do.”
John Spellar MP was among the constituency representatives who questioned how car and truck sales to the UK will be affected.
London has been at the centre of Brexit concern but Liam Fox believes trade deals will be successful
He said: “The UK has a highly successful automotive industry.
“The European Union has a huge trade surplus with the United Kingdom and it is actually even more, if that is possible, in their interest than our to maintain a very open free trade environment.”
Speaking about trade talks with China and India Mr Fox said the nation now has a chance to deal with China, which it would not get inside Europe.
China has halted talks with the Union and India has pulled out of theirs.
Dr Fox said: “Leaving the EU will indeed give the UK a greater freedom to its own strike trade agreements, especially potentially with largest and fastest growing economies in the world.
“These are not necessarily going to be straight forward as these countries are very tough negotiators but it will be much simpler to negotiate that bilateral agreement, and they have shown greater willingness to negotiate a bilateral deal outside the complications that sometimes come with a EU FTA.”
Trade ministers also announced upcoming visits to South Korea, Taiwan, China, Japan, Vietnam and Commonwealth nations.
Dr Fox said: “I travelled to the US in July and had productive meetings with the US trade representative, senior white house officials and senior leaders. My message was Britain is open for business.
“The US is the south west’s third largest export market. £1.59bn worth of goods were export from the South West to the US in the year to march 2016, everything from aerospace to cider and cheese, and we want to see how we can expand that.
“We need to look to see where we have markets and not simply operate on a geographical basis.”