Public Consultation on Future Trade Agreements

Posted on: 02/08/2018

The UK government is seeking views on proposals to seek new trade agreements. 

The consultations demonstrate the UK’s intention to seek free trade agreements with the US, Australia and New Zealand, as well as the UK potentially seeking accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The consultations, which will be released to the public shortly, will cover these prospective new trade agreements signalling the UK’s immediate negotiating priorities as soon as it leaves the EU, in line with the terms of the draft Withdrawal Agreement and in light of the government’s White Paper on the future relationship between the UK and EU.


The launch of public consultations follows a commitment from International Trade secretary Liam Fox, where he set out the government’s approach to a transparent and inclusive UK trade policy which takes in the views of MPs, devolved governments, businesses, civil society groups and consumers.

UK exports to Australia and New Zealand, 2 of the UK’s closest allies, are growing at 7% and 13% respectively in the period January to April 2018, compared to an overall growth figure of 3%. Exports to the United States declined by 0.3% over the same period. The consultation closes on 26th October.


 

 

 

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