Deloitte comments on the Government’s Trade Strategy published today
Commenting on today’s Government Trade Strategy, James Caldecourt, head of international trade at Deloitte UK, said:
“The UK is in a strong position due to its successful free trade agreement programme, but comprehensive trade deals are complex and take a long time to negotiate.
“Smaller deals, including mutual recognition agreements and those designed to address specific market access barriers, can be hugely beneficial for traders. Helping those businesses that often find themselves excluded from international markets due to very specific regulatory issues could act as a key driver of export growth.
“This is particularly the case for trade in services, where suppliers often find themselves unable to compete with local providers. The UK is the world’s second largest exporter of services, with just over 80% of those potentially digitally deliverable. By targeting the recognition of professional qualifications, services businesses will be able to play a greater role in being an important driver of growth.”
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