The UK can begin to position itself as a global trading nation following today's agreement with the European Union over terms of the implementation period.
Conservative MEPs' leader Ashley Fox welcomed the key concession secured by David Davis which enables the Government to start negotiating and signing new trade deals across the world.
He said: "This is a landmark moment. If, as expected, EU leaders approve the implementation period on Friday, Britain can immediately begin to shape its future relationship with the rest of the world.
"That means re-engaging with old friends and emerging new economies to strike trade agreements that provide maximum benefit for our companies, our economy and our citizens.
"We are also able to finally start discussing our future trading relationship with the EU. I know our European partners are as committed as we are to creating the most comprehensive and most valuable trade agreement in history.
"Many issues remain to be discussed in the coming months, but today feels like a watershed. These are exciting times."