New service to aid overseas trade launched


A new online tool launched today will allow British business to report issues preventing them from trading around the world.

Barriers include unnecessary, legal, regulatory or administrative requirements. This includes labelling restrictions, out-of-date regulations and licensing requirements.

The tool will ensure British businesses can flag these issues and the government’s trade experts can work with countries around the world to resolve them.

The online form allows any UK-based business to report a barrier that is stopping or hindering their trade and investment overseas.

Once a request is submitted, it is shared with the Department for International Trade’s global team of trade experts who assess trade barriers and work with other governments to resolve these issues. The Department will also collect feedback to improve the service offered to businesses.

Market access barriers make British exports less competitive than locally produced goods and services. In some cases, they can prohibit imports entirely.

A study by the OECD suggests all G20 economies could see increased exports by more than 20% in the long term, if trade barriers were halved globally.

The government has also announced today that it has resolved market access issues to:

  • Lift the Mexican government’s ban on British exports of food condiments and supplements containing beef.
  • Reduced restrictions on Vodka exports to Canada.

International Trade Secretary, Liz Truss said:

“Opening up new markets for British businesses is a top priority and the Department for International Trade has 1,000 people located around the world to help create more opportunities than ever before.

In the last 12 months, we’ve secured wins to sell beef to Japan, langoustines to China and pork to Taiwan – just to name a few.

I am delighted to announce today that we’ve secured new wins to lift the ban on exports of products containing beef in Mexico and reduce restrictions on Vodka exports to Canada.

I urge businesses to make full use of our new market access tool, which will help us to rapidly identify and knock down unnecessary trade barriers.”

The Department for International Trade now has over 4,000 trade experts based in the UK and across 109 different countries worldwide.

British businesses can now directly report barriers preventing them from trading online at great.gov.uk.

 

Source: Gov.uk