The Minister of International Trade, Ms. Mordaunt, wrote exclusively for Express.co.uk and took the latest step to maximize the freedoms gained by the European Union (EU) and point out that Britain’s economic success depends on relations outside Europe. This comes as the Department of International Trade announced its plans to remove hundreds of trade barriers while protecting the identity of UK products such as Scotch whiskey.
One example of the removal of barriers, highlighted by Ms Mordaunt, is the UK’s goal of opening up markets to allow British farmers to sell beef in South Korea and lamb in China, which is estimated at £ 4 billion a year. is worth to British producers.
There is also a plan by the ministry, led by International Trade Secretary Anne-Marie Trevelyan, to create geographical indicators that are recognized in other countries, helping to distinguish products such as Scotch whiskey.
The government also wants to open up defense contracts for more UK businesses and end a ban on foreign investment in legal services in this country.
The UK is also reviewing its border arrangements, which means that by 2025 Britain will have the most efficient modern customs system to make goods flow more easily.
Ms Mordaunt said: “The British Government is determined to deliver that vision. So much of the growth in the world economy comes from outside Europe. ”
She continued: “Today we announce our plans to remove hundreds of barriers for the UK to maximize its global trading potential. As well as ongoing efforts to alleviate unnecessary friction when trading with the EU, Britain is working to unlock global markets worth billions to British firms. ”
The minister pointed out that in the past two years the British government had already removed more than 400 hundred barriers to trade across more than 70 countries.
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She said: “We have streamlined and simplified more than 6,000 tariff lines, which has reduced the cost to businesses and helped with the cost of living.
“We have also created a new export strategy to support UK business and developed a new UK Export Finance mission. We are deploying more knowledgeable staff to spot opportunities and support our firms to win business. ”
The announcement follows success in agreeing to a new trade agreement with Australia with those with Canada and New Zealand also concluded.
This year, the government will also unveil 20 trade agreements with individual US states while negotiating a massive UK / US trade agreement with the Biden administration.
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The UK is also in talks to join the fastest growing trade bloc, the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) which currently consists of 11 countries.
These include Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Ms Mordaunt insisted that despite all the efforts by Remaoners to talk Brexit Britain, “something big is happening” after Brexit.
She said: “British businesses are the best in the world, and we want the world to benefit from it. We also have some natural benefits.
“English is the business language of the world. English Law is the basis of global business. Our transportation infrastructure means we can still get anywhere in the world within 24 hours.
“Something big is happening in this country. People, money and ideas are what we are known for and the energy, enthusiasm and enterprise create more opportunities worldwide than ever before. ”