Tuesday, January 19, 2021

Lean on business for Britain’s trading future, urges CBI

The Government should build strong mandates by work closely together with business, in order to make a success of the UK’s trade negotiations, according to a new paper from the CBI.

In ‘Building a World-Leading UK Trade Policy’, CBI highlights the principles that will give the UK the best chance of an edge and maximum leverage whilst negotiating trade deals.

The CBI also makes several practical recommendations for how to build a world-leading British trade policy, such as appointed a Chief Business Trade Envoy to gather business intelligence, be a single point of government contact for firms and ensure policy coherence.

Among other things, it also suggests setting up a high-level Strategic EU Trade Advisory Group for EU trade negotiations.

“For the first time in close to fifty years, the UK has the opportunity to build its own trade policy. If we get it right, there is tremendous potential, from more choice and lower prices for consumers to a bigger British economy with prosperity shared more equally across the country,” said Josh Hardie, CBI Deputy Director-General.

“The key for the Government to unlock that success is simple – make the best use of the wealth of expertise business has to offer. It is firms that trade most goods and services, are at the front line of market access barriers, and strike deals every day the world over. Their knowledge and insight – from the factory, shop and office floor to the boardroom – will be mission critical to the UK’s trading future.

“Working closely with business and learning from the success of international trading powerhouses will enable the Government to have crystal clear objectives and maximum leverage when striking ambitious new trade deals.

“If this is combined with a transparent approach that builds buy-in across the country, the UK has a fantastic chance to build the strongest of trade links with partners old and new.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Shell withdraws from Altalto Immingham project

The Altalto Immingham waste-into-aviation-fuel project has lost a key member of the co-development team after Shell withdrew from the agreement. The proposed facility was being...

‘Robust’ balance sheet for Henry Boot

Henry Boot has reported a “robust” balance sheet and a “strong financial position” for 2020, bucking the coronavirus crisis. The Sheffield-headquartered construction company has ended...

Cyber Essentials Plus certification for Leeds software & security specialist

IDS Group has been accredited with the Government-backed Cyber Essentials Plus scheme certification. Part of the UK Government’s National Cyber Security Strategy — developed alongside...

Plans for major extra care development approved in Kirklees

Plans have been approved for a major new extra care scheme at Cleckheaton that will provide 80 apartments for local people over the age...

Humber refinery boss joins board of Greater Lincolnshire LEP

The General Manager of the Phillips 66 Humber Refinery at South Killingholme has joined the board of the Greater Lincolnshire Local Enterprise Partnership. The appointment of...

Industry veteran appointed non-exec chairman at Pantera Property

Growing valuations and disposals firm Pantera Property has appointed property expert Colin Fell as non-executive chairman. With over 40 years of building and developing property...

Related news

Shell withdraws from Altalto Immingham project

The Altalto Immingham waste-into-aviation-fuel project has lost a key member of the co-development team after Shell withdrew from the agreement. The proposed facility was being...

‘Robust’ balance sheet for Henry Boot

Henry Boot has reported a “robust” balance sheet and a “strong financial position” for 2020, bucking the coronavirus crisis. The Sheffield-headquartered construction company has ended...

Cyber Essentials Plus certification for Leeds software & security specialist

IDS Group has been accredited with the Government-backed Cyber Essentials Plus scheme certification. Part of the UK Government’s National Cyber Security Strategy — developed alongside...

Plans for major extra care development approved in Kirklees

Plans have been approved for a major new extra care scheme at Cleckheaton that will provide 80 apartments for local people over the age...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close