On Friday, the Department for Trade published an impact assessment for the EU-Vietnam Free Trade Agreement (FTA).
As a European Union member, the UK is part of 40 trade agreements. However, so far the UK have only signed 8 continuity trade deals for if the UK leaves the European Union without a deal.
Responding to the statement, Liberal Democrat Brexit Spokesperson Tom Brake said:
“Today, at one minute past 11pm, was supposed to be Trade Deal Day for Liam Fox - the day he would roll-over all our EU trade deals.
“This was the day when his vision of a buccaneering Britain would reach fruition. We would sign off trade deals worth tens of billions of pounds with countries across the globe.
“Unfortunately his vision has collided with hard reality. Even when he gets the deal signed with Vietnam, the number still remains less than ten.
"On a day in which the Government has witnessed yet another embarrassing defeat of the Prime Minister's deal, they have clearly decided today is a good day to bury bad news."
"Fox has failed. He should pay the price and walk."