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WEEKLY TRADE UPDATES

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The UK and Australia have agreed on a new trade deal, the first of its kind since the UK left the EU. The agreement will build on its existing £13.9 billion relationship and will remove tariffs on all UK goods, making it easier and cheaper to export to Australia for British goods such as cars, […]

The UK is reaching out to businesses and the public as it prepares to begin trade talks with India. With a population of 1.4 billion people and a £2 trillion economy, the UK hopes to operate more freely in this market by removing tariffs on exports such as whisky and British-made cars. The deal will […]

With the UK planning to begin negotiations to upgrade its existing trade deals with Canada and Mexico, businesses are being called upon for their input on what the goals should be in these talks. The new deal will pay particular attention to digital trade, climate and women’s economic empowerment, and will support digital services in […]

As restrictions lift, shops open and the vaccine rollout continues, the UK economy is expected to continue to recover after seeing a 2.1% growth in March. However, there are warnings of the longer-term effects of the pandemic, with government support lessened and taxes increased to cover pandemic-support programmes. Trading figures for post-Brexit Britain show that […]

As of 1 May, the Free Trade Agreement between the UK and Vietnam came into effect. The deal covers £5.1 billion in trade and addresses essential areas of their growing relationship, including the removal or reduction of tariffs, trade in services and the protection of Intellectual Property Rights. It is the latest milestone in the […]

Last Thursday the Trade Act officially became law, meaning that deals already signed with 67 countries – worth £218 billion – are now part of UK legislation. The Act allows the UK to prioritise its own interests and will provide greater certainty for British businesses trading overseas, ultimately creating a pathway to economic recovery from […]

Trade talks have been ongoing between the UK and Australia. Last Friday they had agreed on the majority of the details around a comprehensive free trade deal, with both countries confident that the remaining issues can be resolved ahead of an agreement in principle by June.

The UK and Serbia have signed a Partnership, Trade and Cooperation Agreement to ensure their trading relationship, worth £682m, can continue and grow. The Agreement will mean continued trade access between the UK and Serbia, and will enable British businesses, including Unilever, AstraZeneca, JCB and Jaguar Land Rover, to trade as they did before 1 […]

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