• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

UK firms need to take their post-Brexit trade opportunity -trade minister

September 13, 2021 by David Barret Leave a Comment

September 13, 2021

By William James

LONDON (Reuters) – British firms must do more to take advantage of new export routes opened up by Brexit, trade minister Liz Truss will say on Tuesday, calling for a shift from “defence to offence in trade” to help drive economic growth.

Truss will point to government research showing Britain’s comparative economic advantage – what Britain can do better and more efficiently than its peers – lies in providing digital and financial services to fast-growing Asian economies.

“The path to economic revival does not lie in retreating and retrenching but in free trade and free enterprise,” she will say in a speech, according to advance extracts.

“British employers can only benefit from free trade by selling their products, innovation, capital, and ideas overseas.”

Since leaving the European Union, Britain has shifted the focus of its trading and diplomatic strategy away from European neighbours and towards the Indo-Pacific region where it sees more opportunity in growing middle-class wealth and spending.

This strategy includes seeking membership of a trans-Pacific trading bloc including Canada, Australia, Japan and Singapore.

A Department for International Trade report seeking to predict trends in global trade out to 2050 forecast that demand for digital services will double in the next decade.

Trade deals typically focus on removing goods trade barriers, but since leaving the EU Britain has sought to include agreements on digital trade and common standards in professional services to spur service sector growth.

The report highlighted that, led by financial and business services, Britain’s share of global exports is highest in service-related sectors.

Although subject to considerable uncertainty, the report forecast that the Indo-Pacific region will account for 56% of global GDP growth and 44% of global import demand growth over the next 30 years.

(Reporting by William James; Editing by Catherine Evans)

Source Link UK firms need to take their post-Brexit trade opportunity -trade minister

David Barret
David Barret

Related posts:

  1. Kobe Bryant designed and signed Hublot watch hits the auction block
  2. Canada adds 90,200 jobs in August, unemployment falls to 7.1%
  3. Russia summons U.S. ambassador over 9/11 press accreditations – Ifax
  4. Factbox-Apple vs Epic case: heated arguments, dramatic calls

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • “Lizard Shampoo” And Pagan Texts Suggest “Dark Age” Medicine Wasn’t So Dark After All
  • Japanese Macaques May Mourn Their Dead – As Long As They’re Not Maggot-Infested
  • This Is What You’d Hear If You Listened To Voyager’s Golden Record NASA Sent To Interstellar Space
  • RFK Jr’s New Vaccine Advisors Just Recommended Fall Flu Vaccines – But There’s A Catch
  • Controversial World-First Project To Create Human DNA From Scratch Takes First Steps
  • Humans Weren’t The First Species To Travel Around The Moon. They Lost This Race To An Unexpected Animal
  • When You Hack A Shark, You’re Exploiting A Glitch Billions Of Years In The Making
  • Wellness Whales, A New Blood Type, And A DJ Set From Space
  • Hate Flying Ants? We Used To Have Ones The Size Of Hummingbirds
  • ‘Tis The Season To See Titan Cast A Shadow On Saturn – Especially If You Are In America
  • World’s Bravest Vets Put Full Metal Dental Crown On A Bear For The First Time
  • “Spider Rain”: The Bizarre Phenomenon That’ll Send Arachnophobes Into A Spin
  • Scientists Gave Mice A Human “Language Gene” And Something Curious Unfolded
  • Surveillance Of People Is More “Pervasive And Normalised” Than Previously Thought, Endangering Our Privacy
  • US Sees 90 Percent Drop In Heart Attack Deaths Over Last 50 Years
  • Is A Cat Poop Parasite Decapitating Human Sperm Contributing To Rising Infertility?
  • How Fast Were Dinosaurs? Guineafowl Races Reveal They Were Probably Slower Than We Thought
  • New Claim For World’s Oldest Rocks Dates Back A Whopping 4.16 Billion Years
  • Pre-Inca Temple Was A “Ritual Gateway” To Lost Civilization Of Tiwanaku
  • NASA Study Gave Illegal Drugs To Spiders And Watched What Happened To Their Webs
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version