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Updates On Recent International Trade Discussions & Agreements
UK trade agreements data
The Department for Business and Trade (DBT) published new data on how UK trade agreements are used. The findings show good usage of trade preferences with the EU, but scope for improvement in the Asia-Pacific region.
New 'global growth team' appointed by Trade Secretary
A new ‘global growth team’ of UK Trade Envoys has been appointed by the Trade Secretary to drive UK exports and investment as the Government pulls every lever available to drive economic growth under its Plan for Change.
The 32 parliamentarians, drawn from across the political spectrum, have been assigned target markets across six continents and tasked with identifying trade and investment opportunities for businesses and championing the UK as a destination of choice for investment in those markets.
Read more here.
UK firms boosted by new qualifications agreement with Switzerland
UK-qualified business people will now find it easier to work in Switzerland and vice versa, as a new permanent agreement ensures professional qualifications can be recognised in both countries, supporting businesses to grow oversees and driving forward economic growth.
Talks continue on an upgraded UK-Switzerland trade deal to further strengthen services trade, already worth £27 billion a year.
Read more here.
View the International treaty here.
UK and Indonesia build on solid foundations with new infrastructure initiative
Minister for the Indo-Pacific Catherine West visits Indonesia with a focus on green growth, later traveling on to Timor-Leste.
Leading British engineering firms are set to benefit from a new UK-Indonesia sustainable infrastructure partnership, this initiative will open up new opportunities for companies including Arup, Mott McDonald and PwC to design and deliver projects in Indonesia, boosting British business while helping Indonesia reach its net zero goals.
Read more here.
UK MOUs with US states on economic cooperation and trade relations
Find out about the memoranda of understanding (MOUs) on cooperation and trade relations the UK has signed with US states.
These MOUs, which are unique to our relationship with each state, set out:
- mutual goals and activities to strengthen our economic ties
- frameworks to help:
- address trade barriers, increase trade and investment, and enhance business networks
- grow and increase jobs
Read more here.
UK stands up for working people by boosting economic, clean energy and climate links with India
Energy Secretary travels to New Delhi to champion UK businesses, strengthen our partnership with India and accelerate work to tackle climate change.
Read more here.