29 July 2020
IFT is pleased to have been invited to participate in the Government’s new Trade and Agriculture Commission, launched officially yesterday by International Trade Secretary, Liz Truss.
From increased export opportunities and reduced costs of inputs, UK agriculture can expect to gain from free trade agreements. With products valued for their high quality, the sector is already becoming more competitive. For example, the UK recorded a trade surplus for dairy products for the first time since records began in 1997. The trade balance for all dairy products was positive in volume terms in 2019, with a surplus of 95k tonnes of product, figures from HMRC show. Further, the UK’s pork exports grew almost 20% last year - £30m of which pork is currently exported to the US. And trade liberalisation stands to accelerate this competitiveness yet further.
IFT is also committed to ensuring that our own economy is open. Free trade means not arbitrarily discriminating against foreign products, and as the UK establishes itself at the WTO - an organisation founded on this principle - the UK must join those leading by example.
Delegates to Commission - which include representatives from the Royal Society for the Prevention of Cruelty to Animals (RSPCA), National Sheep Association, British Veterinary Association, Tesco, and the Agriculture and Horticulture Development Board (AHDB) - will advise on matters including:
The Government’s own announcement can be found found here.
NEWS & COMMENTARY
31 July 2021
Trade Beta BlogNew agriculture draft suggests nervousness in divided WTO
28 July 2021
26 July 2021
23 July 2021
Hinrich FoundationEnabling trust, trade flows, and innovation: the DEPA at work
21 July 2021
18 July 2021
ConservativeHomeThe Dimbleby food plan would wreck Britain’s trade policy
16 July 2021
Cato InstituteThe autos report and “national security” in trade